Published on 4/8/2015 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $15.28 million barrier AMPS linked to Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., April 8– HSBC USA Inc. priced $15.28 million of 0% barrier Accelerated Market Participation Securities due April 10, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is greater than zero, the payout at maturity will be par plus 160% of the index return, up to a maximum return of 50%. Investors will receive par if the index falls by 25% or less and will be fully exposed to the decline if the index falls by more than 25%.
HSBC Securities (USA) Inc. is the underwriter.
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: | $15,275,000
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Maturity: | April 10, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 160% of any index gain, capped at 50%; par if index declines by 25% or less; full exposure to losses if index falls by more than 25%
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Initial level: | 3,768.72
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Pricing date: | April 7
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Settlement date: | April 10
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Underwriter: | HSBC Securities (USA) Inc.
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Fees: | 2%
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Cusip: | 40433BP28
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