HSBC plans barrier AMPS linked to SPDR S&P Regional Banking ETF

By Sarah Lizee

Olympia, Wash., May 30 – HSBC USA Inc. plans to price 0% barrier Accelerated Market Participation Securities due June 29, 2021 linked to the SPDR S&P Regional Banking exchange-traded fund, according to an FWP filed with the Securities and Exchange Commission.

If the ETF return is positive, the payout at maturity will be par plus 200% of the return, subject to a maximum return of at least 37%. The exact cap will be set at pricing.

Investors will receive par if the ETF declines by 20% or less and will be fully exposed to the losses if it declines beyond 20%.

HSBC Securities (USA) Inc. is the agent.

The notes will price on June 22 and settle on June 29.

The Cusip number is 40435FB89.

© 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.