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HSBC plans to price 18-month AMPS linked to Russell 2000 index
By Marisa Wong
Madison, Wis., March 3 - HSBC USA Inc. plans to price 0% Accelerated Market Participation Securities due Sept. 28, 2015 linked to the Russell 2000 index, according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any gain in the index, up to a maximum return of at least 20%. The exact cap will be set at pricing.
Investors will be fully exposed to any index decline.
HSBC Securities (USA) Inc. is the agent.
The notes will price on March 25 and settle on March 28.
The Cusip number is 40432XVZ1.
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