Published on 4/14/2020 in the Prospect News Green Finance Daily and Prospect News Structured Products Daily.
New Issue: HSBC sells $130,000 buffered AMPS tied to S&P 500 ESG index
By Marisa Wong
Los Angeles, April 14 – HSBC USA Inc. priced $130,000 of 0% buffered Accelerated Market Participation Securities due Sept. 30, 2022 tied to the S&P 500 ESG index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any index gain, capped at par plus 15.4%.
Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline beyond 10%.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Buffered Accelerated Market Participation Securities
|
| Underlying index: | S&P 500 ESG index
|
| Amount: | $130,000
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| Maturity: | Sept. 30, 2022
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any index gain, capped at par plus 15.4%; par if index falls by up to 10%; 1% loss for each 1% decline beyond 10%
|
| Initial level: | 223.54
|
| Pricing date: | March 26
|
| Settlement date: | March 31
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 1.775%
|
| Cusip: | 40438CBQ3
|
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