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 plans 18-month buffered AMPS tied to SPDR S&P Metals & Mining ETF
By Marisa Wong
Madison, Wis., March 28 - HSBC USA Inc. plans to price 0% buffered Accelerated Market Participation Securities due Oct. 9, 2012 linked to the SPDR S&P Metals & Mining exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any increase in the exchange-traded fund's share price, subject to a maximum return of 16% to 20% that will be set at pricing. Investors will receive par if the share price declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.
The notes (Cusip: 4042K1FK4) will price March 30 and settle April 6.
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.