E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 4/3/2017 in the Prospect News Structured Products Daily.

HSBC plans two-year buffered AMPS with cap linked to iShares MSCI EAFE

By Susanna Moon

Chicago, April 3 – HSBC USA Inc. plans to price 0% buffered Accelerated Market Participation Securities due April 30, 2019 linked to the iShares MSCI EAFE exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 200% of any fund gain, up to a maximum return of at least 23.5%.

Investors will receive par if the fund falls by up to 10% and will lose 1% for every 1% decline beyond 10%.

HSBC Securities (USA) Inc. is the agent.

The notes will price on April 25.

The Cusip number is 40433U2P0.


© 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.