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HSBC plans 5-year barrier AMPS tied to iShares MSCI Emerging Markets
By Wendy Van Sickle
Columbus, Ohio, Feb. 8 – HSBC USA Inc. plans to price 0% barrier Accelerated Market Participation Securities due Feb. 15, 2022 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to an FWP filed with the Securities and Exchange Commission.
If the ETF return is positive, the payout at maturity will be par plus 2 times the return, subject to a maximum return of at least 65%.
Investors will receive par if the ETF declines by 40% or less and will be fully exposed to losses if it declines beyond 40%.
HSBC Securities (USA) Inc. is the agent.
The notes will price on Feb. 10.
The Cusip number is 40433UQ66.
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