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 to price 3.5-year barrier AMPS linked to S&P 500 index
By Tali Rackner
Norfolk, Va., Nov. 4 – HSBC USA Inc. plans to price 0% barrier Accelerated Market Participation Securities due May 30, 2019 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 1.5 times the index return, subject to a maximum return that is expected to be at least 45% and will be set at pricing.
Investors will receive par if the index declines by 25% or less and will be fully exposed to losses if it declines beyond 25%.
HSBC Securities (USA) Inc. is the agent.
The notes are expected to price on Nov. 20 and settle on Nov. 30.
The Cusip number is 40433UBZ8.
© 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.