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 buffered AMPS linked to S&P 500, Russell 2000 index basket
By Wendy Van Sickle
Columbus, Ohio, Nov. 19 – HSBC USA Inc. plans to price 0% buffered Accelerated Market Participation Securities due Nov. 30, 2017 linked to a basket of two unequally weighted indexes, according to an FWP filed with the Securities and Exchange Commission.
The basket consists of the S&P 500 index with a 60% weight and the Russell 2000 index with a 40% weight.
Payout at maturity will be par plus 110% of any gain on the basket, up to a maximum return of at least 26%. The exact cap will be set at pricing.
Investors will receive par if the basket falls by up to 10% and will be exposed to declines beyond 10%.
HSBC Securities (USA) Inc. is the agent.
The notes will price on Nov. 24 and settle on Nov. 30.
The Cusip number is 40433UDP8.
© 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.