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HSBC plans two-year barrier AMPS tied to iShares MSCI Brazil Capped
By Susanna Moon
Chicago, May 10 – HSBC USA Inc. plans to price 0% barrier Accelerated Market Participation Securities due May 30, 2019 linked to the iShares MSCI Brazil Capped exchange-traded fund, according to an FWP filed with the Securities and Exchange Commission.
The payout at maturity will be par plus double any fund gain, up to a maximum return of at least 34%.
Investors will receive par if the fund falls by up to 30% and will be fully exposed to any losses if the finishes below the 70% barrier level.
HSBC Securities (USA) Inc. is the agent.
The notes will price on May 24 and settle on May 30.
The Cusip number is 40433U5C6.
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