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 AMPS linked to S&P 500 index
By Jennifer Chiou
New York, May 3 - HSBC USA Inc. plans to price 0% Accelerated Market Participation Securities due Oct. 25, 2012 linked to the S&P 500 index, according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any index gain, subject to a maximum return of 17.5%. Investors will be exposed to any index decline.
The notes (Cusip: 4042K1HJ5) will price and settle in May.
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.