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HSBC reports plans to sell buffered AMPS linked to Russell 2000 index
By Devika Patel
Knoxville, Tenn., Dec. 21 – HSBC USA Inc. intends to price 0% buffered Accelerated Market Participation Securities due Feb. 5, 2021 linked to the Russell 2000 index, according to an FWP filed with the Securities and Exchange Commission.
If the index increases, the payout at maturity will be par plus 200% of the return, subject to a maximum return of at least 23.5%. The exact cap will be set at pricing.
If the index falls by up to 10%, the payout at maturity will be par.
Investors will lose 1% for each 1% decline beyond 10%.
HSBC Securities (USA) Inc. is the agent.
The notes (Cusip: 40435UDK7) will price on Jan. 31 and settle on Feb. 5.
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