New Issue: HSBC sells $885,000 two-year buffered AMPS linked to fund, index basket

By Susanna Moon

Chicago, Feb. 7 – HSBC USA Inc. priced $885,000 of 0% buffered Accelerated Market Participation Securities due July 31, 2020 linked to a basket consisting of the S&P 500 index with a 70% weight, the Russell 2000 index with a 15% weight and the iShares MSCI Emerging Markets exchange-traded fund with a 15% weight, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.5 times any basket gain, up to a maximum return of 13.25%.

Investors will receive par if the basket falls by up to 15% and will lose 1% for each 1% decline beyond 15%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered Accelerated Market Participation Securities
Underlying basket:	S&P 500 index (70% weight), Russell 2000 index (15% weight) and iShares MSCI Emerging Markets ETF (15% weight)
Amount:	$885,000
Maturity:	July 31, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any basket gain, up to 13.25% cap; par if basket declines by 15% or less; 1% loss per 1% drop beyond 15%
Initial levels:	$75.25 for fund, 2,872.87 for S&P and 1,608.058 for Russell
Pricing date:	Jan. 26
Settlement date:	Jan. 31
Agent:	HSBC Securities (USA) Inc.
Fees:	0.5%
Cusip:	40435FQE0

© 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.