Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers H > Headlines for HSBC USA Inc. > News item |
HSBC plans uncapped AMPS linked to Low Volatility Portfolio ETF
By Angela McDaniels
Tacoma, Wash., Aug. 30 - HSBC USA Inc. plans to price 0% uncapped Accelerated Market Participation Securities due Sept. 30, 2015 linked to the PowerShares S&P 500 Low Volatility Portfolio exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.
If the index return is greater than or equal to zero, the payout at maturity will be par plus 145% to 155% of the index return. The exact upside participation rate will be set at pricing. If the index return is negative, investors will have 1-to-1 exposure to the decline.
HSBC Securities (USA) Inc. is the underwriter.
The notes are expected to price Sept. 25 and settle Sept. 30.
The Cusip number is 40432XK83.
© 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.