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 to price 18-month buffered AMPS tied to iShares MSCI Brazil
By Marisa Wong
Madison, Wis., April 29 - HSBC USA Inc. plans to price 0% buffered Accelerated Market Participation Securities due Nov. 26, 2012 linked to the iShares MSCI Emerging Markets index fund, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus two times any fund gain, subject to a cap of 15% to 20%. The exact cap will be set at pricing.
Investors will receive par if the fund share price falls by up to 10% and will be exposed to declines beyond 10%.
The notes (Cusip: 4042K1GV9) are expected to price May 20 and settle May 25.
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.