Published on 2/27/2012 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $1.34 million AMPS with 21.5% cap linked iShares MSCI EM
By Susanna Moon
Chicago, Feb. 27 - HSBC USA Inc. priced $1.34 million of 0% Accelerated Market Participation Securities due Aug. 28, 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 gain in the fund, up to a maximum return of 21.5%.
Investors will be exposed to any decline.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Accelerated Market Participation Securities
|
| Underlying fund: | iShares MSCI Emerging Markets index fund
|
| Amount: | $1,337,000
|
| Maturity date: | Aug. 28, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any fund gain, capped at 21.5%; exposure to any losses
|
| Initial level: | $43.75
|
| Pricing date: | Feb. 23
|
| Settlement date: | Feb. 28
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 0.6%
|
| Cusip: | 4042K1WR0
|
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