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HSBC plans four-year buffered, capped AMPS tied to index, fund basket
By Susanna Moon
Chicago, March 15 - HSBC USA Inc. plans to price 0% buffered Accelerated Market Participation Securities due April 17, 2015 linked to a basket of one index and four funds, according to an FWP filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index with a 70% weight, iShares MSCI EAFE index fund with a 15% weight, MidCap SPDR Trust, Series 1 with an 8% weight, iShares MSCI Emerging Markets index fund with a 4% weight and iShares Russell 2000 index fund with a 3% weight.
The payout at maturity will be par plus 1.4 times any basket gain, up to a maximum return of 58.8% to 81.2%.
Investors will receive par if the basket falls by up to 20% and will lose 1% for every 1% decline beyond 20%.
HSBC Securities (USA) Inc. is the agent.
The notes will price on April 14 and settle on April 19.
The Cusip is 4042K1FF5.
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