Published on 2/2/2023 in the Prospect News Structured Products Daily.
New Issue: HSBC sells $873,000 buffered AMPS on S&P 500
By Kiku Steinfeld
Chicago, Feb. 2 – HSBC USA Inc. priced $873,000 of 0% buffered Accelerated Market Participation Securities due May 8, 2024 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 125% of the index return, capped at par plus 29.9%.
Investors will receive par if the index falls by 15% or less and will lose 1% for every 1% decline beyond 15%.
HSBC USA Inc. is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Buffered Accelerated Market Participation Securities
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Underlying index: | S&P 500
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Amount: | $873,000
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Maturity: | May 8, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains, par plus 125% of index gain, capped at par plus 29.9%; par if index declines by 15% or less; 1% loss for every 1% index decline beyond 15%
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Initial index price: | 10,690.60
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Buffer level: | 85% of initial level
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Pricing date: | Nov. 3, 2022
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Settlement date: | Nov. 8, 2022
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Agent: | HSBC Securities (USA) Inc.
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Fees: | 0%
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Cusip: | 40441XUU2
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