HSBC plans two-year buffered AMPS linked to Energy Select Sector fund

By Marisa Wong

Madison, Wis., April 13 – HSBC USA Inc. plans to price 0% buffered Accelerated Market Participation Securities due May 1, 2017 linked to the Energy Select Sector SPDR fund, according to an FWP filing with the Securities and Exchange Commission.

If the fund return is positive, the payout at maturity will be par plus double the fund return, subject to a maximum return that is expected to be at least 20% and will be set at pricing. Investors will receive par if the fund declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.

HSBC Securities (USA) Inc. is the agent.

The notes will price April 27 and settle April 30.

The Cusip number is 40433BM21.

© 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.