Published on 9/30/2019 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $1.34 million one-year buffered AMPS with cap on Euro Stoxx
By Devika Patel
Knoxville, Tenn., Sept. 30 – HSBC USA Inc. priced $1.34 million of 0% buffered Accelerated Market Participation Securities due March 30, 2022 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 triple any index gain, up to a maximum return of 30.1%.
Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline 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 index: Euro Stoxx 50
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Amount: | $1,342,000
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Maturity: | March 30, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 300% of any index gain, up to 30.1% cap; par if index declines by 10% or less; 1% loss per 1% drop beyond 10%
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Initial level: | 3,513.03
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Pricing date: | Sept. 25
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Settlement date: | Sept. 30
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Agent: | HSBC Securities (USA) Inc.
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Fees: | 2.25%
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Cusip: | 40435UWU4
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