Published on 8/30/2013 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $853,000 uncapped AMPS tied to S&P 500 Low Volatility
By Jennifer Chiou
New York, Aug. 30 - HSBC USA Inc. priced $853,000 of 0% uncapped Accelerated Market Participation Securities due Sept. 1, 2015 linked to the S&P 500 Low Volatility index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 140% of any index gain. Investors will be exposed to any index decline.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Accelerated Market Participation Securities
|
| Underlying index: | S&P 500 Low Volatility
|
| Amount: | $853,000
|
| Maturity: | Sept. 1, 2015
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 140% of any index gain; exposure to any index decline
|
| Initial index level: | 4,948.98
|
| Pricing date: | Aug. 27
|
| Settlement date: | Aug. 30
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | None
|
| Cusip: | 40432XJV4
|
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