Published on 8/29/2013 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $224,000 AMPS linked to iShares MSCI Emerging Markets
By Angela McDaniels
Tacoma, Wash., Aug. 29 - HSBC USA Inc. priced $224,000 of 0% Accelerated Market Participation Securities due March 4, 2015 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 triple any ETF gain, subject to a maximum return of 24%. Investors will be exposed to any ETF decline.
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 ETF: | iShares MSCI Emerging Markets index fund
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Amount: | $224,000
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Maturity: | March 4, 2015
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus triple any ETF gain, up to maximum return of 24%; exposure to any ETF decline
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Initial share price: | $37.34
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Pricing date: | Aug. 27
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Settlement date: | Aug. 30
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Agent: | HSBC Securities (USA) Inc.
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Fees: | None
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Cusip: | 40432XJD4
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