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HSBC to price barrier AMPS linked to iShares MSCI Emerging Markets
By Angela McDaniels
Tacoma, Wash., July 29 – HSBC USA Inc. plans to price 0% barrier Accelerated Market Participation Securities due Feb. 28, 2019 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.
If the ETF return is positive, the payout at maturity will be par plus 150% of the ETF return, up to a maximum return that is expected to be at least 53% and will be set at pricing. Investors will receive par if the ETF falls by 25% or less and will be fully exposed to the decline if the ETF falls by more than 25%.
HSBC Securities (USA) Inc. is the underwriter.
The notes are expected to price Aug. 21 and settle Aug. 28.
The Cusip number is 40433B5U8.
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