Published on 7/7/2011 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $212,000 18-month AMPS linked to Russell 2000 index
By Jennifer Chiou
New York, July 7 - HSBC USA Inc. priced $212,000 of 0% Accelerated Market Participation Securities due Dec. 28, 2012 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus three times any increase in the index, subject to a cap of 24%. Investors will be exposed to any decline in the index.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Accelerated Market Participation Securities
|
| Underlying index: | Russell 2000
|
| Amount: | $212,000
|
| Maturity date: | Dec. 28, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus three times any increase in index, capped at 24%; full exposure to any index decline
|
| Initial index level: | 799.87
|
| Pricing date: | July 5
|
| Settlement date: | July 8
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 1.5%
|
| Cusip: | 4042K1KM4
|
© 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.
