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HSBC plans 18-month buffered AMPS with cap linked to iShares MSCI EM
By Toni Weeks
San Diego, Jan. 3 - HSBC USA Inc. plans to price buffered Accelerated Market Participation Securities due July 30, 2014 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 double any gain in the fund, up to a maximum return of 13% to 17%. The exact cap will be set at pricing.
Investors will receive par if the fund falls by up to 10% and will lose 1% for every 1% decline beyond 10%.
The notes (Cusip: 40432X6G1) will price Jan. 25 and settle Jan. 30.
HSBC Securities (USA) Inc. is the agent.
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