Published on 11/26/2019 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $895,000 buffered AMPS linked to index basket
By Wendy Van Sickle
Columbus, Ohio, Nov. 26 – HSBC USA Inc. priced $895,000 of 0% buffered Accelerated Market Participation Securities due Nov. 21, 2022 linked to a basket containing the S&P 500 index with a 33.33% weight, the Euro Stoxx 50 index with a 33.33% weight and the Nikkei 225 index with a 33.33% weight, according to a 424B2 filing with the Securities and Exchange Commission.
If the basket return is positive, the payout at maturity will be par plus 2 times the basket return, subject to a maximum return of 31%%. Investors will receive par if the basket 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 basket: | S&P 500 index (33.33% weight), Euro Stoxx 50 index (33.33% weight) and Nikkei 225 index (33.33% weight)
|
Amount: | $895,000
|
Maturity: | Nov. 21, 2022
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 2 times any basket gain, up to maximum return of 31%%; par if basket declines by 10% or less; 1% loss for every 1% that basket declines beyond 10%
|
Initial share price: | 3,120.46 for S&P 500, 3,711.61 for Stoxx, 23,303.32 for Nikkei
|
Pricing date: | Nov. 15
|
Settlement date: | Nov. 20
|
Agent: | HSBC Securities (USA) Inc.
|
Fees: | 2.025%
|
Cusip: | 40435UH98
|
|
© 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.