Published on 6/1/2020 in the Prospect News Structured Products Daily.
New Issue: HSBC sells $90,000 barrier AMPS on two indexes
By Sarah Lizee
Olympia, Wash., June 1 – HSBC USA Inc. priced $90,000 of 0% barrier Accelerated Market Participation Securities due May 30, 2023 linked to the least performing of the Dow Jones industrial average and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 3 times any least performing index gain, capped at par plus 32.8%.
Investors will receive par if the least performing index falls by up to 25% and will lose 1% for every 1% decline of the least performing index if it falls beyond 25%.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Barrier Accelerated Market Participation Securities
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Underlying indexes: | Dow Jones industrial average and Nasdaq-100 index
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Amount: | $90,000
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Maturity: | May 30, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 300% of any gain in least performing index, capped at par plus 32.8%; par if least-performing index declines by 25% or less; otherwise, 1% loss per 1% drop of least performing index
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Initial levels: | 24,995.11 for Dow, 9,389.977 for Nasdaq
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Barrier levels: | 75% of initial levels
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Pricing date: | May 26
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Settlement date: | May 29
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Agent: | HSBC Securities (USA) Inc.
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Fees: | 2%
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Cusip: | 40438CHX2
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