By Marisa Wong
Los Angeles, Oct. 5 – HSBC USA Inc. priced $1.33 million of 0% buffered Accelerated Market Participation Securities due Dec. 30, 2021 tied to the VanEck Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 2 times any ETF gain, capped at par plus 21%.
Investors will receive par if the ETF falls by up to 12% and will lose 1% for each 1% decline beyond 12%.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
|
Issue: | Buffered Accelerated Market Participation Securities
|
Underlying ETF: | VanEck Vectors Gold Miners ETF
|
Amount: | $1,329,000
|
Maturity: | Dec. 30, 2021
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 200% of any ETF gain, capped at par plus 21%; par if ETF falls by up to 12%; 1% loss for each 1% decline beyond 12%
|
Initial value: | $38.42
|
Pricing date: | Sept. 25
|
Settlement date: | Sept. 30
|
Agent: | HSBC Securities (USA) Inc.
|
Fees: | 2%
|
Cusip: | 40438CVA6
|
|
© 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.