HSBC plans barrier AMPS linked to Market Vectors Gold Miners ETF

By Marisa Wong

Morgantown, W.Va., Dec. 29 – HSBC USA Inc. plans to price 0% barrier Accelerated Market Participation Securities due June 2018 linked to the Market Vectors Gold Miners exchange-traded 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 1.5 times the fund return, subject to a maximum return that is expected to be at least 40% and will be set at pricing. Investors will receive par if the fund declines by 30% or less and will be fully exposed to losses if it declines by more than 30%.

HSBC Securities (USA) Inc. is the agent.

The notes will price in December.

The Cusip number is 40433UF50.

© 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.