Published on 2/24/2015 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $503,000 barrier AMPS due 2018 tied to Euro Stoxx 50 index
By Toni Weeks
San Luis Obispo, Calif., Feb. 24 – HSBC USA Inc. priced $503,000 of 0% barrier Accelerated Market Participation Securities due Aug. 27, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 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 54%.
Investors will receive par if the index falls by up to 35% and will be fully exposed to any losses if the index finishes below the 65% 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: | Euro Stoxx 50
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Amount: | $503,000
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Maturity: | Aug. 27, 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 54%; par if index declines by 35% or less; full exposure to any losses if the index falls below barrier level
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Initial level: | 3,490.53
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Barrier level: | 65% of initial level
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Pricing date: | Feb. 20
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Settlement date: | Feb. 27
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Agent: | HSBC Securities (USA) Inc.
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Fees: | 2.35%
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Cusip: | 40433BYM4
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