Published on 5/28/2013 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $591,000 uncapped AMPS tied to S&P 500 Low Volatility
By Marisa Wong
Madison, Wis., May 28 - HSBC USA Inc. priced $591,000 of 0% uncapped Accelerated Market Participation Securities due May 31, 2016 linked to the S&P 500 Low Volatility index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.9 times any index gain. Investors will be exposed to any losses.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
|
Issue: | Uncapped Accelerated Market Participation Securities
|
Underlying index: | S&P 500 Low Volatility index
|
Amount: | $591,000
|
Maturity: | May 31, 2016
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 1.9 times any index gain; full exposure to losses
|
Initial level: | 5,129.98
|
Pricing date: | May 23
|
Settlement date: | May 29
|
Agent: | HSBC Securities (USA) Inc.
|
Fees: | None
|
Cusip: | 40432XFD8
|
© 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.