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 four-year buffered AMPS linked to S&P 500 index
By Jennifer Chiou
New York, Dec. 24 – HSBC USA Inc. plans to price 0% buffered Accelerated Market Participation Securities due Dec. 31, 2018 linked to the S&P 500 index, according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.25 times any gain in the index, up to a maximum return of at least 38%. The exact cap will be set at pricing.
Investors will receive par if the index falls by up to 20% and will be exposed to any losses beyond 20% at a rate of 1.25% per 1% decline.
The notes (Cusip: 40433BTV0) will price on Dec. 26 and settle on Dec. 31.
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.