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HSBC USA plans to price 13-month AMPS linked to Russell 2000 index
By Jennifer Chiou
New York, Dec. 1 - HSBC USA Inc. plans to price 0% Accelerated Market Participation Securities due Jan. 26, 2012 linked to the Russell 2000 index, according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any increase in the index, subject to a maximum return of 20% to 25% that will be set at pricing. Investors will be exposed to any index decline.
The notes (Cusip: 4042K1BG7) will price on Dec. 22 and settle on Dec. 28.
HSBC Securities (USA) Inc. is the agent.
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