Published on 11/2/2022 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $4.13 million AMPS linked to S&P 500
By William Gullotti
Buffalo, N.Y., Nov. 2 – HSBC USA Inc. priced $4.13 million of 0% Accelerated Market Participation Securities due Dec. 28, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 300% of the index return, subject to a maximum payout of par plus 24.85%.
Investors will be fully exposed to any index decline.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Accelerated Market Participation Securities
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Underlying index: | S&P 500 index
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Amount: | $4.13 million
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Maturity: | Dec. 28, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 300% of the index return, capped at par plus 24.85%; otherwise, full exposure to index decline
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Initial index level: | 3,807.3
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Pricing date: | Oct. 27
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Settlement date: | Oct. 31
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Underwriter: | HSBC Securities (USA) Inc.
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Fees: | 2.35%
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Cusip: | 40441XSE1
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