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 buffered AMPS linked to Market Vectors Gold Miners ETF
By E. Janene Geiss
Philadelphia, Sept. 28 - HSBC USA Inc. plans to price 0% buffered Accelerated Market Participation Securities due April 29, 2013 linked to the Market Vectors Gold Miners exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any gain on the fund, subject to a maximum return that is expected to be 24% to 30% and will be set at pricing. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.
The notes (Cusip: 4042K1PE7) are expected to price Oct. 24 and settle Oct. 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.