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HSBC to price AMPS linked to iShares MSCI Emerging Markets index fund
By Angela McDaniels
Tacoma, Wash., May 1 - HSBC USA Inc. plans to price 0% Accelerated Market Participation Securities due Dec. 3, 2014 linked to 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 triple any fund gain, subject to a maximum return of 19% to 23%. Investors will be exposed to any fund decline. The exact cap will be set at pricing.
HSBC Securities (USA) Inc. is the agent.
The notes will price May 28 and settle May 31.
The Cusip number is 40432XES6.
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