Published on 3/2/2023 in the Prospect News Structured Products Daily.
New Issue: HSBC sells $90,000 buffered AMPS linked to VanEck Vectors Gold Miners
By Kiku Steinfeld
Chicago, March 2 – HSBC USA Inc. priced $90,000 of 0% buffered accelerated market participation securities due Nov. 25, 2024 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 45.47%.
Investors will receive par if the ETF falls by 15% or less and will lose 1% for every 1% decline beyond the 15% buffer.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Buffered accelerated market participation securities
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| Underlying ETF: | VanEck Vectors Gold Miners ETF
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| Amount: | $90,000
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| Maturity: | Nov. 25, 2024
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus 200% of any ETF gain, capped at par plus 45.47%; par if ETF declines by 15% or less; 1% loss for every 1% ETF decline beyond 15% buffer
|
| Initial level: | $27.18
|
| Buffer: | 15%
|
| Pricing date: | Nov. 21, 2022
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| Settlement date: | Nov. 25, 2022
|
| Underwriter: | HSBC Securities (USA) Inc.
|
| Fees: | 2.25%
|
| Cusip: | 40441XUC2
|
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