Published on 5/30/2013 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $1.83 million AMPS linked to S&P 500 index
By Jennifer Chiou
New York, May 30 - HSBC USA Inc. priced $1,825,000 of 0% Accelerated Market Participation Securities due Dec. 3, 2014 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 index gain, subject to a maximum return of 18.5%. Investors will share in any losses.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
|
Issue: | Accelerated Market Participation Securities
|
Underlying index: | S&P 500
|
Amount: | $1,825,000
|
Maturity: | Dec. 3, 2014
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus triple any index gain, up to maximum return of 18.5%; exposure to losses
|
Initial index level: | 1,660.06
|
Pricing date: | May 28
|
Settlement date: | May 31
|
Agent: | HSBC Securities (USA) Inc.
|
Fees: | 0.5%
|
Cusip: | 40432XER8
|
© 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.