Published on 4/27/2010 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $1.66 million 15-month AMPS linked to S&P 500
By Angela McDaniels
Tacoma, Wash., April 27 - HSBC USA Inc. priced $1.66 million of 0% Accelerated Market Participation Securities due July 28, 2011 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any index gain, subject to a maximum return of 16.5%. 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
|
| Amount: | $1.66 million
|
| Maturity: | July 28, 2011
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus triple any index gain, up to maximum return of 16.5%; exposure to any index decline
|
| Initial index level: | 1,217.28
|
| Pricing date: | April 23
|
| Settlement date: | April 28
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 1.75%
|
| Cusip: | 4042K0U52
|
© 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.
