HSBC to price barrier AMPS tied to Market Vectors Gold Miners ETF

By Marisa Wong

Morgantown, W.Va., Aug. 21 – HSBC USA Inc. plans to price 0% barrier Accelerated Market Participation Securities due Aug. 25, 2020 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 3 times the fund gain, subject to a maximum return of 53% to 57%. If the fund declines by 30% or less, the payout will be par. If the fund falls by more than 30%, investors will be fully exposed to the decline.

HSBC Securities (USA) Inc. is the agent.

The notes will price on Aug. 22.

The Cusip number is 40435FEK9.

© 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.