| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers S > Headlines for S&P 500 index > News item |
HSBC to price buffered AMPS linked to S&P 500 with 10% fixed coupon
By Angela McDaniels
Tacoma, Wash., March 21 – HSBC USA Inc. plans to price buffered Accelerated Market Participation Securities due April 3, 2024 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The notes will pay a fixed coupon of 10% at maturity.
If the index return is positive, the payout at maturity will be par plus double the index return, subject to a maximum return that is expected to be at least 25.5% and will be set at pricing. Investors will receive par if the index declines by 20% or less and will lose 1% for every 1% that it declines beyond 20%.
HSBC Securities (USA) Inc. is the agent.
The notes are expected to price March 27.
The Cusip number is 40435UJU9.
© 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.