Published on 2/25/2015 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $661,000 15-month AMPS with cap linked to S&P 500
By Susanna Moon
Chicago, Feb. 25 – HSBC USA Inc. priced $661,000 of 0% Accelerated Market Participation Securities due May 25, 2016 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any index gain, up to a maximum return of 13%.
Investors will be exposed to any losses.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
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| Issue: | Accelerated Market Participation Securities
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| Underlying index: | S&P 500
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| Amount: | $661,000
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| Maturity: | May 25, 2016
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 300% of any index gain, capped at 13%; exposure to any losses
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| Initial index level: | 2,110.30
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| Pricing date: | Feb. 20
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| Settlement date: | Feb. 25
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| Agent: | HSBC Securities (USA) Inc.
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| Fees: | None
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| Cusip: | 40433BZY7
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