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HSBC to price uncapped AMPS linked to S&P 500 Low Volatility
By Angela McDaniels
Tacoma, Wash., June 28 - HSBC USA Inc. plans to price 0% uncapped Accelerated Market Participation Securities due July 29, 2015 linked to the S&P 500 Low Volatility index, according to an FWP filing with the Securities and Exchange Commission.
If the index return is greater than or equal to zero, the payout at maturity will be par plus 140% to 150% of the index return. If the index return is less than zero, investors will be fully exposed to the index's decline.
The exact upside participation rate will be set at pricing.
HSBC Securities (USA) Inc. is the underwriter.
The notes will price July 24 and settle July 29.
The Cusip number is 40432XHB0.
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