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HSBC plans to price 3.5-year barrier AMPS linked to Nikkei 225 index
By Angela McDaniels
Tacoma, Wash., July 24 – HSBC USA Inc. plans to price 0% barrier Accelerated Market Participation Securities due Feb. 28, 2019 linked to the Nikkei 225 index, according to an FWP filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 150% of the index return, subject to a maximum return that is expected to be at least 47% and will be set at pricing. If the index declines by 25% or less, the payout will be par. Investors will have one-to-one exposure to the decline if the index return is less than negative 25%.
HSBC Securities (USA) Inc. is the agent.
The notes are expected to price Aug. 21 and settle Aug. 28.
The Cusip number is 40433B4L9.
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