Published on 9/23/2015 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $1.03 million 3.5-year barrier AMPS linked to S&P 500
By Susanna Moon
Chicago, Sept. 23 – HSBC USA Inc. priced $1.03 million of 0% barrier Accelerated Market Participation Securities due March 25, 2019 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 1.5 times any gain in the index, up to a maximum return of 43%.
Investors will receive par if the index falls by up to 25% and will be fully exposed to any losses if the index finishes below the 75% barrier.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
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| Issue: | Barrier Accelerated Market Participation Securities
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| Underlying index: | S&P 500
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| Amount: | $1,027,000
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| Maturity: | March 25, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 150% of any index gain, capped at 43%; par if index declines by 25% or less; full exposure to any losses if the index falls below barrier level
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| Initial level: | 1,958.03
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| Barrier level: | 75% of initial level
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| Pricing date: | Sept. 18
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| Settlement date: | Sept. 25
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| Agent: | HSBC Securities (USA) Inc.
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| Fees: | 2.35%
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| Cusip: | 40433B6D5
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