Published on 8/12/2020 in the Prospect News Structured Products Daily.
New Issue: HSBC sells $35,000 buffered AMPS linked to MSCI Emerging Markets ETF
By Kiku Steinfeld
Chicago, Aug. 12 – HSBC USA Inc. priced $35,000 of 0% buffered accelerated market participation securities due Jan. 31, 2023 linked to the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF return is positive, the payout at maturity will be par plus 200% of the ETF return, capped at par plus 17.5%.
Investors will receive par if the ETF falls by 10% or less and will lose 1% for every 1% decline beyond the 10% buffer.
HSBC USA Inc. is the agent.
Issuer: | HSBC USA Inc.
|
Issue: | Buffered accelerated market participation securities
|
Underlying ETF: | iShares MSCI Emerging Markets ETF
|
Amount: | $35,000
|
Maturity: | Jan. 31, 2023
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If the ETF return is positive, par plus 200% of the ETF return, capped at par plus 17.5%; par if the ETF falls by 10% or less; 1% loss for every 1% decline beyond the 10% buffer
|
Initial ETF level: | $43.45
|
Pricing date: | July 28
|
Settlement date: | July 31
|
Underwriter: | HSBC Securities (USA) Inc.
|
Fees: | 2.25%
|
Cusip: | 40438CNE7
|
© 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.