HSBC plans to offer 18-month AMPS based on S&P 500 with 15%-19% cap

By Susanna Moon

Chicago, Dec. 31 - HSBC USA Inc. plans to price 0% Accelerated Market Participation Securities due July 27, 2012 based on the performance of the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus triple any gain in the index, up to a maximum return of 15% to 19%. The exact cap will be set at pricing.

Investors will be exposed to any losses.

The notes (Cusip 4042K1BT9) will price on Jan. 24 and settle on Jan. 27.

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.