Published on 5/18/2022 in the Prospect News Structured Products Daily.
New Issue: HSBC sells $1.02 million buffered AMPS on Gold Miners ETF
Chicago, May 18 – HSBC USA Inc. priced $1.02 million of 0% buffered Accelerated Market Participation Securities due Oct. 25, 2023 linked to the VanEck Vectors Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF return is positive, the payout at maturity will be par plus 200% of the ETF return, capped at par plus 23.5%.
Investors will receive par if the ETF falls by 10% or less and will lose 1% for every 1% decline beyond 10%.
HSBC USA Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Buffered Accelerated Market Participation Securities
|
| Underlying ETF: | VanEck Vectors Gold Miners ETF
|
| Amount: | $1,020,000
|
| Maturity: | Oct. 25, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If ETF gains, par plus 200% of ETF gain, capped at par plus 23.5%; par if ETF declines by 10% or less; 1% loss for every 1% ETF decline beyond 10%
|
| Initial ETF price: | $33.25
|
| Buffer level: | 90% of initial level
|
| Pricing date: | Oct. 26, 2021
|
| Settlement date: | Oct. 29, 2021
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 2.25%
|
| Cusip: | 40439JNT8
|
|
|
© 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.
