Published on 3/28/2016 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $152,000 AMPS linked to basket of two indexes, two ETFs
By Wendy Van Sickle
Columbus, Ohio, March 28 – HSBC USA Inc. priced $152,000 of Accelerated Market Participation Securities due April 1, 2019 linked to a basket of two indexes and two exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.
The basket components are the S&P 500 index with a 40% weight, the Russell 200 index with a 20% weight, the iShares MSCI EAFE exchange-traded fund with a 10% weight and the iShares MSCI Emerging Markets exchange-traded fund with a 10% weight.
Payout at maturity will be par plus 300% of any gain on the basket, up to a maximum return of 45%.
Investors will be exposed to any decline in the basket.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Accelerated Market Participation Securities
|
| Underlying basket: | S&P 500 index (40% weight), Russell 2000 index (20% weight), iShares MSCI EAFE ETF (10% weight) iShares MSCI Emerging Markets ETF (10% weight)
|
| Amount: | $152,000
|
| Maturity: | April 1, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 300% of any basket gain, capped at 45%; exposure to any decline in basket
|
| Initial levels: | 2,035.94 for S&P, 1,079.537 for Russell, $56.35 for MSCI EAFE, $33.36 for MSCI Emerging Markets
|
| Pricing date: | March 24
|
| Settlement date: | March 30
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | None
|
| Cusip: | 40433UJY3
|
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