Published on 8/5/2016 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $1.42 million two-year buffered AMPS tied to Euro Stoxx 50
By Tali Rackner
Norfolk, Va., Aug. 5 – HSBC USA Inc. priced $1.42 million of 0% buffered Accelerated Market Participation Securities due July 31, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus double the index return, subject to a maximum return of 31%.
Investors will receive par if the index 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.
|
Issue: | Buffered Accelerated Market Participation Securities
|
Underlying index: | Euro Stoxx 50
|
Amount: | $1,419,000
|
Maturity: | July 31, 2018
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 2 times any index gain, up to 31% cap; par if index declines by 10% or less; 1% loss per 1% drop beyond 10%
|
Initial level: | 2,978.9
|
Pricing date: | July 26
|
Settlement date: | July 29
|
Agent: | HSBC Securities (USA) Inc.
|
Fees: | 0.5%
|
Cusip: | 40433UQP4
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.