HSBC USA plans to price 24-month 0% AMPS linked to FTSE 100 index

By Marisa Wong

Madison, Wis., July 7 - HSBC USA Inc. plans to price 0% Accelerated Market Participation Securities due July 2012 linked to the FTSE 100 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus five times any index gain, subject to a maximum return of 35.5% to 45.5% that will be set at pricing. Investors will be exposed to any index decline.

The notes are expected to price and settle in July.

HSBC Securities (USA) Inc. is the agent.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.