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HSBC plans 30-month 80% buffered AMPS linked to index, fund basket
By Susanna Moon
Chicago, Oct. 6 - HSBC USA Inc. plans to price 0% buffered Accelerated Market Participation Securities due April 28, 2014 linked to an equally weighted basket of two indexes and a fund, according to an FWP filing with the Securities and Exchange Commission.
The underlying components are the S&P 500 index, the Russell 2000 index and the iShares MSCI EAFE index fund.
The payout at maturity will be par plus 1.5 times any gain in the basket, up to a maximum return of 32% to 37%. The exact cap will be set at pricing.
Investors will receive par if the basket declines by up to 20% and will lose 1% for every 1% decline beyond 20%.
HSBC Securities (USA) Inc. will be the agent.
The notes will price on Oct. 21 and settle on Oct. 28.
The Cusip number is 4042K1QD8.
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