HSBC plans 48-month buffered AMPS tied to S&P 500, Russell, MSCI EAFE

By Susanna Moon

Chicago, Dec. 4 - HSBC USA Inc. plans to price buffered Accelerated Market Participation Securities due Dec. 30, 2016 linked to a basket of three equally weighted indexes, according to an FWP filing with the Securities and Exchange Commission.

The underlying indexes are the S&P 500 index, the Russell 2000 index and the MSCI EAFE index.

The payout at maturity will be par plus 1.25 times any basket gain to a maximum return of 55% to 65%. The exact cap will be set at pricing.

Investors will receive par if the basket falls by up to 15% and will lose 1% for every 1% decline beyond 15%.

HSBC Securities (USA) Inc. is the agent.

The notes will price on Dec. 21 and settle on Dec. 31.

The Cusip number is 40432X4Y4.

© 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.