New Issue: HSBC sells $1.03 million 18-month bearish AMPS based on Russell 2000

By Susanna Moon

Chicago, Jan. 31 - HSBC USA Inc. priced $1.03 million of 0% bearish Accelerated Market Participation Securities due Aug. 1, 2012 based on the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double the absolute value of any index decline, up to a maximum return of 26%.

Investors will lose 1% for every 1% that the index advances.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Bearish Accelerated Market Participation Securities
Underlying index:	Russell 2000
Amount:	$1,027,000
Maturity:	Aug. 1, 2012
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of absolute value of any index drop, capped at 26%; 1% loss for every 1% index gain
Initial index level:	795.43
Pricing date:	Jan. 27
Settlement date:	Feb. 1
Agent:	HSBC Securities (USA) Inc.
Fees:	0.6%
Cusip:	4042K1CL5

© 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.