HSBC plans two-year buffered AMPS with cap linked to Russell 2000

By Marisa Wong

Morgantown, W.Va., June 26 – HSBC USA Inc. plans to price 0% buffered Accelerated Market Participation Securities due June 28, 2019 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 200% of any index gain, up to a maximum return of at least 19.5%.

Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond 10%.

HSBC Securities (USA) Inc. is the agent.

The notes will price on June 27.

The Cusip number is 40433U6F8.

© 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.