Published on 4/27/2010 in the Prospect News Structured Products Daily.
New Issue: HSBC sells $970,000 13-month AMPS linked to S&P 500
By Susanna Moon
Chicago, April 27 - HSBC USA Inc. priced $970,000 of 0% Accelerated Market Participation Securities due May 31, 2011 based on the performance of the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any index gain, up to a maximum return of 17.5%.
Investors will be exposed to any index decline.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
|
Issue: | Accelerated Market Participation Securities
|
Underlying index: | S&P 500
|
Amount: | $970,000
|
Maturity: | May 31, 2011
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 300% of any index gain, capped at 17.5%; exposure to any losses
|
Initial index level: | 1,217.28
|
Pricing date: | April 23
|
Settlement date: | April 28
|
Agent: | HSBC Securities (USA) Inc.
|
Fees: | 0.5%
|
Cusip: | 4042K0U29
|
© 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.