New Issue: HSBC prices $582,000 buffered AMPS tied to S&P 500, Russell 2000 basket

By Marisa Wong

Morgantown, W.Va., Dec. 7 – HSBC USA Inc. priced $582,000 of 0% buffered Accelerated Market Participation Securities due Nov. 30, 2017 linked to a basket of two unequally weighted indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the S&P 500 index with a 60% weight and the Russell 2000 index with a 40% weight.

The payout at maturity will be par plus 110% of any gain on the basket, up to a maximum return of 26%.

Investors will receive par if the basket falls by up to 10% and will be exposed to 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 (60% weight), Russell 2000 index (40% weight)
Amount:	$582,000
Maturity:	Nov. 30, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 110% of any basket gain, capped at 26%; par if the basket falls by up to 10%; exposure to declines beyond 10%
Initial levels:	2,089.14 for S&P, 1,188.814 for Russell
Pricing date:	Nov. 24
Settlement date:	Nov. 30
Agent:	HSBC Securities (USA) Inc.
Fees:	None
Cusip:	40433UDP8

© 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.