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HSBC plans barrier AMPS linked to SPDR S&P Regional Banking ETF
By Sarah Lizee
Olympia, Wash., May 30 – HSBC USA Inc. plans to price 0% barrier Accelerated Market Participation Securities due June 29, 2021 linked to the SPDR S&P Regional Banking exchange-traded fund, according to an FWP filed with the Securities and Exchange Commission.
If the ETF return is positive, the payout at maturity will be par plus 200% of the return, subject to a maximum return of at least 37%. The exact cap will be set at pricing.
Investors will receive par if the ETF declines by 20% or less and will be fully exposed to the losses if it declines beyond 20%.
HSBC Securities (USA) Inc. is the agent.
The notes will price on June 22 and settle on June 29.
The Cusip number is 40435FB89.
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