HSBC announces plans to price buffered AMPS tied to NYSE FANG+ index

By Devika Patel

Knoxville, Tenn., Dec. 24 – HSBC USA Inc. intends to price 0% buffered Accelerated Market Participation Securities due Aug. 2, 2021 linked to the NYSE FANG+ index, according to an FWP filed with the Securities and Exchange Commission.

If the index increases, the payout at maturity will be par plus double the return, up to a cap that is expected to be at least 33.75% and will be set at pricing.

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

HSBC Securities (USA) Inc. is the agent.

The notes (Cusip: 40435UDU5) will price on Jan. 28.

© 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.