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HSBC to price Accelerated Return Notes linked to Energy Select Sector
By Marisa Wong
Morgantown, W.Va., May 25 – HSBC USA Inc. plans to price 0% Accelerated Return Notes due July 2019 linked to the Energy Select Sector index, according to an FWP filing with the Securities and Exchange.
The payout at maturity will be par of $10 plus triple any index gain, up to a maximum 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 May and settle in June.
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