Published on 9/23/2015 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $992,000 3.5-year barrier AMPS linked to Euro Stoxx 50
By Susanna Moon
Chicago, Sept. 23 – HSBC USA Inc. priced $992,000 of 0% barrier Accelerated Market Participation Securities due March 25, 2019 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 52%.
Investors will receive par if the index falls by up to 30% and will be fully exposed to any losses if the index finishes below the 70% 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: | $992,000
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Maturity: | March 25, 2019
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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 52%; par if index declines by 30% or less; full exposure to any losses if the index falls below barrier level
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Initial level: | 3,157.30
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Barrier level: | 70% of initial level
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Pricing date: | Sept. 18
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Settlement date: | Sept. 25
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Agent: | HSBC Securities (USA) Inc.
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Fees: | 2.35%
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Cusip: | 40433B6F0
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