Published on 11/26/2013 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $497,000 AMPS linked to PowerShares S&P 500 Low Volatility
By Angela McDaniels
Tacoma, Wash., Nov. 26 - HSBC USA Inc. priced $497,000 of 0% uncapped Accelerated Market Participation Securities due Nov. 27, 2015 linked to the PowerShares S&P 500 Low Volatility Portfolio exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF return is greater than zero, the payout at maturity will be par plus 140% of the ETF return. If the ETF return is less than zero, investors will have 1-to-1 exposure to the decline.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Uncapped Accelerated Market Participation Securities
|
| Underlying ETF: | PowerShares S&P 500 Low Volatility Portfolio
|
| Amount: | $497,000
|
| Maturity: | Nov. 27, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If ETF return is greater than zero, par plus 140% of ETF return; if ETF return is less than zero, 1-to-1 exposure to decline
|
| Initial share price: | $33.06
|
| Pricing date: | Nov. 22
|
| Settlement date: | Nov. 27
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 0.5%
|
| Cusip: | 40432XNN7
|
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