HSBC plans two-year buffered AMPS with 14.5%-19.5% cap tied to gold

By Susanna Moon

Chicago, March 6 - HSBC USA Inc. plans to price 0% buffered Accelerated Market Participation Securities due March 27, 2014 linked to the price of gold, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any gain in the price of gold, up to a maximum return of 14.5% to 19.5%. The exact cap will be set at pricing.

Investors will receive par if the price of gold falls by up to 10% and will be exposed to any decline beyond 10%.

HSBC Securities (USA) Inc. is the agent.

The notes will price on March 23 and settle on March 28.

The Cusip number is 4042K1ZQ9.

© 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.