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HSBC plans two-year buffered AMPS linked to Euro Stoxx 50 index
By Marisa Wong
Madison, Wis., April 13 – HSBC USA Inc. plans to price 0% buffered Accelerated Market Participation Securities due May 1, 2017 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus double the index return, subject to a maximum return that is expected to be at least 22% and will be set at pricing. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.
HSBC Securities (USA) Inc. is the agent.
The notes will price April 27 and settle April 30.
The Cusip number is 40433BL97.
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