Published on 9/18/2023 in the Prospect News Structured Products Daily.
New Issue: HSBC sells $385,000 buffered AMPS tied to S&P
Chicago, Sept. 18 – HSBC USA Inc. priced $385,000 of 0% buffered AMPS due Sept. 6, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
At maturity, if the final level is positive, investors will receive par plus two times the return, capped at par plus 24.7%.
Investors will receiver par if the index has declined, but finishes above 90% of its initial level.
Otherwise, investors will be exposed to losses on a one-to-one basis beyond the 10% buffer.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Buffered AMPS
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Underlying index: | S&P 500 index
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Amount: | $385,000
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Maturity: | Sept. 6, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If positive, par plus two times return capped at par plus 24.7%; if there is a decline but not more than 10%, par; otherwise, 1% loss for each 1% decline beyond 10% buffer
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Initial level: | 3,955
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Buffer level: | 90% of initial level
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Pricing date: | Aug. 31, 2022
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Settlement date: | Sept. 6, 2022
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Agent: | HSBC Securities (USA) Inc.
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Fees: | 0.5%
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Cusip: | 40441XFG0
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