Published on 7/25/2011 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $687,000 buffered AMPS linked to iShares MSCI Emerging Markets ETF
By Angela McDaniels
Tacoma, Wash., July 25 - HSBC USA Inc. priced $687,000 of 0% buffered Accelerated Market Participation Securities due Jan. 25, 2013 linked to the iShares MSCI Emerging Markets index fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any fund gain, subject to a maximum return of 16%. Investors will receive par if the fund declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Buffered Accelerated Market Participation Securities
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Underlying ETF: | iShares MSCI Emerging Markets index fund
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Amount: | $687,000
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Maturity: | Jan. 25, 2013
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus double any fund gain, up to maximum return of 16%; par if fund falls by 10% or less; 1% loss for every 1% fund decline beyond 10%
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Initial share price: | $47.69
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Pricing date: | July 21
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Settlement date: | July 26
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Agent: | HSBC Securities (USA) Inc.
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Fees: | 0.6%
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Cusip: | 4042K1KX0
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