HSBC plans Accelerated Return Notes on MSCI Brazil via Bank of America

By Toni Weeks

San Diego, Aug. 30 - HSBC USA Inc. plans to price 0% Accelerated Return Notes due November 2013 linked to the MSCI Brazil index, according to an FWP filing with the Securities and Exchange Commission.

Bank of America Merrill Lynch is the underwriter.

The payout at maturity will be par of $10.00 plus triple any gain in the index, capped at 17% to 21%. The exact cap will be set at pricing.

Investors will be fully exposed to losses.

The notes are expected to price and settle in September.

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