Published on 9/27/2010 in the Prospect News Structured Products Daily.
New Issue: HSBC sells $122,000 13-month AMPS on iShares FTSE/Xinhua China 25
By Susanna Moon
Chicago, Sept. 27 - HSBC USA Inc. priced $122,000 of 0% Accelerated Market Participation Securities due Oct. 27, 2011 based on the performance of the iShares FTSE/Xinhua China 25 index fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any gain in the fund, up to a maximum return of 25%.
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: | iShares FTSE/Xinhua China 25 index fund
|
Amount: | $122,000
|
Maturity: | Oct. 27, 2011
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 300% of any fund gain, capped at 25%; exposure to any losses
|
Initial level: | $41.89
|
Pricing date: | Sept. 23
|
Settlement date: | Sept. 28
|
Agent: | HSBC Securities (USA) Inc.
|
Fees: | 0.5%
|
Cusip: | 4042K05C5
|
© 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.