Published on 10/25/2013 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $1.19 million 0% 18-month AMPS linked to S&P 500 index
By Toni Weeks
San Luis Obispo, Oct. 25 - HSBC USA Inc. priced $1.19 million of 0% Accelerated Market Participation Securities due April 28, 2015 linked to 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 increase in the index, subject to a cap of 15.5%.
Investors will be fully exposed to losses if the index declines.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Accelerated Market Participation Securities
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Underlying index: | S&P 500 index
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Amount: | $1,193,000
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Maturity date: | April 28, 2015
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus triple any increase in index, capped at 15.5%; full exposure to any losses
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Initial value: | 1,746.38
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Pricing date: | Oct. 23
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Settlement date: | Oct. 28
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Agent: | HSBC Securities (USA) Inc.
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Fees: | None
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Cusip: | 40432XLQ2
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