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 USA plans to price 18-month buffered AMPS tied to S&P 500 index
By Angela McDaniels
Tacoma, Wash., April 4 - HSBC USA Inc. plans to price 0% buffered Accelerated Market Participation Securities due Oct. 25, 2012 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus two times any increase in the index, subject to a maximum return of 9% to 13% that will be set at pricing. Investors will receive par if the index falls by 10% or less and will lose 1% for every 1% that it declines beyond 10%.
The notes (Cusip: 4042K1FU2) are expected to price April 20 and settle April 26.
HSBC Securities (USA) Inc. is the agent.
© 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.