Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers H > Headlines for HSBC USA Inc. > News item |
HSBC delays maturity, pricing of bearish AMPS linked to Russell 2000
By Angela McDaniels
Tacoma, Wash., Dec. 21 - HSBC USA Inc. pushed back the maturity date of its upcoming 0% bearish Accelerated Market Participation Securities linked to the Russell 2000 index to July 2, 2012 from June 21, 2012, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 300% of the absolute value of any index decline, subject to a maximum return of 21% to 25% that will be set at pricing.
If the index gains, the payout will be par minus the index return.
The securities (Cusip 4042K1BP7) are now expected to price on Dec. 28 instead of Dec. 17. The settlement date will be Dec. 31.
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.