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HSBC plans 14-month capped Accelerated Return Notes tied to indexes
By Susanna Moon
Chicago, Feb. 12 – HSBC USA Inc. plans to price 0% Accelerated Return Notes due April 2019 tied to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 40% weight, the FTSE 100 index with a 20% weight, the Nikkei Stock Average index with a 20% weight, the Swiss Market index with a 7.5% weight, the S&P/ASX 200 index with a 7.5% weight and the Hang Seng index with a 5% weight.
The payout at maturity will be par plus triple any basket gain, up to a capped return of 16.5% to 20.5%.
Investors will be exposed to any losses.
BofA Merrill Lynch is the agent.
The notes will price in February and settle in March.
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