Published on 7/13/2016 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $876,000 15-month buffered AMPS with cap linked to S&P 500
By Marisa Wong
Morgantown, W.Va., July 13 – HSBC USA Inc. priced $876,000 of 0% buffered Accelerated Market Participation Securities due Oct. 12, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 2.5 times any index gain, up to a maximum return of 14%.
Investors will receive par if the index falls by up to 5% and will lose 1% for every 1% decline beyond 5%.
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 index: | S&P 500
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Amount: | $876,000
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Maturity: | Oct. 12, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 2.5 times any index gain, up to 14% cap; par if index declines by 5% or less; 1% loss per 1% drop beyond 5%
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Initial level: | 2,097.90
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Pricing date: | July 7
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Settlement date: | July 12
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Agent: | HSBC Securities (USA) Inc.
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Fees: | None
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Cusip: | 40433URG3
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