Published on 11/27/2019 in the Prospect News Structured Products Daily.
New Issue: HSBC sells $505,000 Accelerated Market Participation Securities on UPS
By Kiku Steinfeld
Chicago, Nov. 27 - HSBC USA Inc. priced $505,000 of 0% Accelerated Market Participation Securities due Nov. 19, 2020 linked to the common stock of United Parcel Service, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any gain of the stock, up to a maximum return of 21.5%.
Investors will be exposed to any stock decline.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Accelerated Market Participation Securities
|
| Underlying stock: | United Parcel Service, Inc.
|
| Amount: | $505,000
|
| Maturity: | Nov. 19, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 300% of any gain of the stock, capped at 21.5%; exposure to losses
|
| Initial level: | $123.02
|
| Pricing date: | Nov. 13
|
| Settlement date: | Nov. 18
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 1.25%
|
| Cusip: | 40435UK78
|
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