HSBC plans 18-month buffered AMPS tied to S&P 500 with 10%-14% cap

By Susanna Moon

Chicago, May 31 - HSBC USA Inc. plans to price 0% buffered Accelerated Market Participation Securities due Dec. 24, 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 double any gain in the index, up to a cap of 10% to 14%. The exact cap will be set at pricing.

Investors will receive par if the index 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 June 17 and settle on June 24.

The Cusip number is 4042K1JN4.

© 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.