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 to price buffered AMPS linked to iShares MSCI Emerging Markets
By Angela McDaniels
Tacoma, Wash., March 3 - HSBC USA Inc. plans to price 0% buffered Accelerated Market Participation Securities due March 28, 2016 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any ETF gain, subject to a maximum return of at least 14% that will be set at pricing. The payout will be par if the ETF declines by 10% or less. Otherwise, investors will lose 1% for every 1% that the ETF declines beyond 10%.
HSBC Securities (USA) Inc. is the agent.
The notes will price March 25 and settle March 28.
The Cusip number is 40432XVW8.
© 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.