Published on 3/26/2020 in the Prospect News Structured Products Daily.
New Issue: HSBC sells $3.24 million barrier AMPS on indexes
By Wendy Van Sickle
Columbus, Ohio, March 26 – HSBC USA Inc. priced $3.24 million of 0% barrier Accelerated Market Participation Securities due March 19, 2025 linked to the least performing of the Russell 2000 index, the Dow Jones industrial average and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 4 times any least performing index gain, up to a maximum return of 91%.
Investors will receive par if the least performing index falls by up to 30% and will lose 1% for every 1% decline of the least performing index if it falls beyond 30%.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
|
Issue: | Barrier Accelerated Market Participation Securities
|
Underlying indexes: | Russell 2000 index, Dow Jones industrial average and S&P 500 index
|
Amount: | $3,241,000
|
Maturity: | March 19, 2025
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 400% of any gain in least performing index, up to 91% cap; par if least-performing index declines by 30% or less; otherwise, 1% loss per 1% drop of least performing index
|
Initial levels: | 20,188.52 for Dow, 1,037.416 for Russell, 2,386.13 for S&P
|
Barrier levels: | 14,131.964 for Dow, 726.1912 for Russell, 1,670.291 for S&P
|
Pricing date: | March 16
|
Settlement date: | March 19
|
Agent: | HSBC Securities (USA) Inc.
|
Fees: | 0.625%
|
Cusip: | 404358CCA7
|
© 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.