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HSBC plans three-year uncapped AMPS linked to S&P 500 Low Volatility
By Susanna Moon
Chicago, May 1 - HSBC USA Inc. plans to price uncapped Accelerated Market Participation Securities due May 31, 2016 linked to the S&P 500 Low Volatility index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.9 times to 2.1 times any index gain, with the exact participation rate to be set at pricing.
Investors will be exposed to any losses.
HSBC Securities (USA) Inc. is the agent.
The notes will price on May 23 and settle on May 29.
The Cusip number is 40432XFD8.
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