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HSBC plans two-year buffered AMPS with cap linked to iShares MSCI EAFE
By Susanna Moon
Chicago, Dec. 6 – HSBC USA Inc. plans to price 0% buffered accelerated market participation securities due Dec. 31, 2018 linked to the iShares MSCI EAFE exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any fund gain, up to a maximum return of at least 22%.
Investors will receive par if the fund falls by up to 10% and will lose 1% for each 1% decline beyond the 10% buffer.
HSBC Securities (USA) Inc. is the agent.
The notes will price on Dec. 21 and settle on Dec. 27.
The Cusip number is 40433UC61.
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