Published on 11/1/2019 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $1.37 million buffered AMPS linked to EM ETF
By Sarah Lizee
Olympia, Wash., Nov. 1 – HSBC USA Inc. priced $1.37 million of 0% buffered Accelerated Market Participation Securities due May 2, 2022 linked to the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF return is positive, the payout at maturity will be par plus 200% of the index return, subject to a maximum return of 23.5%. Investors will receive par if the ETF 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.
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Issue: | Buffered Accelerated Market Participation Securities
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Underlying asset: | iShares MSCI Emerging Markets ETF
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Amount: | $1,365,000
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Maturity: | May 2, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 200% of any ETF gain, up to maximum return of 23.5%; par if ETF declines by 10% or less; 1% loss for every 1% that ETF declines beyond 10%
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Initial level: | $42.95
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Pricing date: | Oct. 28
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Settlement date: | Oct. 31
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Agent: | HSBC Securities (USA) Inc.
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Fees: | 2.25%
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Cusip: | 40435UZX5
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