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HSBC to price buffered AMPs due 2016 linked to Euro Stoxx 50 index
By Angela McDaniels
Tacoma, Wash., May 2 - HSBC USA Inc. plans to price 0% buffered Accelerated Market Participation Securities due May 31, 2016 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any index gain, subject to a maximum return of at least 20% that will be set at pricing. Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% that it declines beyond 10%.
HSBC Securities (USA) Inc. is the agent.
The notes will price May 22 and settle May 28.
The Cusip number is 40433BAK4.
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