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 two-year buffered AMPS with 23%-28% cap linked to gold
By Susanna Moon
Chicago, Jan. 6 - HSBC USA Inc. plans to price 0% buffered Accelerated Market Participation Securities due Jan. 23, 2014 linked to the spot price of gold, according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any gain in the gold price, up to a maximum return of 23% to 28%. The exact cap will be set at pricing.
Investors will receive par if the price of gold falls by up to 10% and will be exposed to any decline beyond 10%.
HSBC Securities (USA) Inc. is the agent.
The notes will price on Jan. 18 and settle on Jan. 23.
The Cusip number is 4042K1UB7.
© 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.