HSBC plans 18-month buffered AMPS on iShares MSCI Emerging Markets

By Susanna Moon

Chicago, June 1 - HSBC USA Inc. plans to price 0% buffered Accelerated Market Participation Securities due Dec. 28, 2011 based on the performance of the iShares MSCI Emerging Markets index fund, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any fund gain, up to a maximum return of 19.5% to 24.5%. The exact cap will be set at pricing.

Investors will receive par if the shares fall by up to 10% and will be exposed to any decline beyond 10%.

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

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.