Published on 11/26/2014 in the Prospect News Structured Products Daily.
New Issue: HSBC sells $1.04 million 3.5-year barrier AMPS with cap tied to Russell
By Susanna Moon
Chicago, Nov. 26 – HSBC USA Inc. priced $1.04 million of 0% barrier Accelerated Market Participation Securities due June 1, 2018 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any gain in the index, up to a maximum return of 49%.
Investors will receive par if the index falls by up to 25% and will be fully exposed to any losses if the index finishes below the 75% barrier.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Barrier Accelerated Market Participation Securities
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Underlying index: | Russell 2000
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Amount: | $1,041,000
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Maturity: | June 1, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 150% of any index gain, capped at 49%; par if index declines by 25% or less; full exposure to any losses if the index falls below barrier level
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Initial level: | 1,172.416
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Barrier level: | 75% of initial level
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Pricing date: | Nov. 21
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Settlement date: | Dec. 1
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Agent: | HSBC Securities (USA) Inc.
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Fees: | 2.35%
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Cusip: | 40433BTM0
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