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HSBC plans to price 18-month AMPS with cap linked to iShares MSCI EM
By Toni Weeks
San Luis Obispo, Calif., Oct. 1 - HSBC USA Inc. plans to price Accelerated Market Participation Securities due April 28, 2015 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any fund gain, subject to a maximum return of 22.5% to 26.5%. The exact cap will be set at pricing.
Investors will be fully exposed to any losses.
HSBC Securities (USA) Inc. is the agent.
The notes (Cusip: 40432XLS8) will price Oct. 23 and settle Oct. 28.
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