Published on 6/27/2013 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $1.3 million AMPS linked to Russell 2000 index
By Angela McDaniels
Tacoma, Wash., June 27 - HSBC USA Inc. priced $1.3 million of 0% Accelerated Market Participation Securities due Dec. 31, 2014 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 triple any index gain, subject to a maximum return of 23.5%. Investors will share in any losses.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Accelerated Market Participation Securities
|
| Underlying index: | Russell 2000
|
| Amount: | $1,296,000
|
| Maturity: | Dec. 31, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus triple any index gain, up to maximum return of 23.5%; exposure to losses
|
| Initial index level: | 961.26
|
| Pricing date: | June 25
|
| Settlement date: | June 28
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | None
|
| Cusip: | 40432XGP0
|
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