Published on 7/7/2017 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $920,000 three-year buffered AMPS linked to Euro Stoxx 50
By Susanna Moon
Chicago, July 7 – HSBC USA Inc. priced $920,000 of 0% buffered Accelerated Market Participation Securities due June 23, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any index gain, up to a maximum return of 47%.
Investors will receive par if the index falls by up to 15% and will lose 1% for every 1% decline beyond 15%.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Buffered Accelerated Market Participation Securities
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Underlying index: | Euro Stoxx 50
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Amount: | $920,000
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Maturity: | June 23, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 200% of any index gain, up to 47% cap; par if index declines by 15% or less; 1% loss per 1% drop beyond 15%
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Initial level: | 3,560.66
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Pricing date: | June 20
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Settlement date: | June 23
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Agent: | HSBC Securities (USA) Inc.
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Fees: | None
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Cusip: | 40433U7M2
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