Published on 4/29/2015 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $414,000 buffered AMPS linked to Energy Select Sector SPDR
By Angela McDaniels
Tacoma, Wash., April 29 – HSBC USA Inc. priced $414,000 of 0% buffered Accelerated Market Participation Securities due May 1, 2017 linked to the Energy Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF return is positive, the payout at maturity will be par plus double the ETF return, subject to a maximum return of 20%. Investors will receive par if the ETF declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Buffered Accelerated Market Participation Securities
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Underlying ETF: | Energy Select Sector SPDR Fund
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Amount: | $414,000
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Maturity: | May 1, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus double any ETF gain, up to maximum return of 20%; par if ETF declines by 10% or less; 1% loss for every 1% that ETF declines beyond 10%
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Initial share price: | $81.89
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Pricing date: | April 27
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Settlement date: | April 30
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Agent: | HSBC Securities (USA) Inc.
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Fees: | 0.25%
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Cusip: | 40433BM21
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