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 barrier AMPS due 2018 linked to Euro Stoxx 50
By Jennifer Chiou
New York, March 19 – HSBC USA Inc. plans to price 0% barrier Accelerated Market Participation Securities due Oct. 24, 2018 linked to the Euro Stoxx 50 index, 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 index, up to a maximum return of at least 53%. The exact cap will be set at pricing.
Investors will receive par if the index falls by up to 35% and will be fully exposed to any losses if the index finishes below the 65% barrier.
The notes (Cusip: 40433BJ66) will price on April 17 and settle on April 24.
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.