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 to price 13-month AMPS linked to iShares FTSE/Xinhua China 25
By Angela McDaniels
Tacoma, Wash., July 28 - HSBC USA Inc. plans to price 0% Accelerated Market Participation Securities due Sept. 29, 2011 linked to the iShares FTSE/Xinhua China 25 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any fund gain, subject to a maximum return of 26% to 31% that will be set at pricing. Investors will be exposed to any fund decline.
The notes (Cusip: 4042K04D4) are expected to price Aug. 24 and settle Aug. 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.