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HSBC plans buffered AMPS linked to NYSE FANG+ index
By Sarah Lizee
Olympia, Wash., Jan. 15 – HSBC USA Inc. plans to price 0% buffered Accelerated Market Participation Securities due Aug. 1, 2022 tied to the NYSE FANG+ index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any index gain, up to a maximum return of 19.3%.
Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline beyond 10%.
HSBC Securities (USA) Inc. is the agent.
The notes will price on Jan. 28.
The Cusip number is 40435UX90.
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