Published on 3/24/2015 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $3.44 million barrier AMPS due 2018 linked to Euro Stoxx 50
By Susanna Moon
Chicago, March 24 – HSBC USA Inc. priced $3.44 million of 0% barrier Accelerated Market Participation Securities due Sept. 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 55%.
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.
|
Issue: | Barrier Accelerated Market Participation Securities
|
Underlying index: | Euro Stoxx 50
|
Amount: | $3,435,000
|
Maturity: | Sept. 27, 2018
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 150% of any index gain, capped at 55%; par if index declines by 35% or less; full exposure to any losses if the index falls below barrier level
|
Initial level: | 3,726.07
|
Barrier level: | 65% of initial level
|
Pricing date: | March 20
|
Settlement date: | March 27
|
Agent: | HSBC Securities (USA) Inc.
|
Fees: | 2.35%
|
Cusip: | 40433BG44
|
|
|
© 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.