HSBC plans 3.5-year barrier AMPS with cap linked to iShares MSCI EM

By Susanna Moon

Chicago, Aug. 31 – HSBC USA Inc. plans to price 0% barrier Accelerated Market Participation Securities due March 25, 2019 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 1.5 times any gain in the fund, up to a maximum return of at least 55%. The exact cap will be set at pricing.

Investors will receive par if the fund falls by up to 25% and will be fully exposed to any losses if the fund finishes below the 75% barrier.

HSBC Securities (USA) Inc. is the agent.

The notes will price on Sept. 18 and settle on Sept. 25.

The Cusip number is 40433B6G8.

© 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.