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HSBC plans return optimization notes on iShares MSCI Emerging Markets
By Marisa Wong
Madison, Wis., April 13 – HSBC USA Inc. plans to price 0% return optimization securities due May 31, 2016 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any gain in the fund, up to a maximum return of 13.7% to 16.7%. The exact cap will be set at pricing.
Investors will be exposed to any losses.
HSBC Securities (USA) Inc. will be the underwriter with UBS Financial Services Inc. as the agent.
The notes will price April 27 and settle April 30.
The Cusip number is 40434G668.
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