Published on 4/25/2011 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $560,000 18-month 0% AMPS linked to S&P 500 with 17.5% cap
By Toni Weeks
San Diego, April 25 - HSBC USA Inc. priced $560,000 of 0% Accelerated Market Participation Securities due Oct. 25, 2012 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 three times any increase in the index, subject to a cap of 17.5%.
Investors will be exposed to any losses.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Accelerated Market Participation Securities
|
| Underlying index: | S&P 500
|
| Amount: | $560,000
|
| Maturity date: | Oct. 25, 2012
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus three times increase in index, capped at 17.5%; full exposure to losses
|
| Initial value: | 1,330.36
|
| Pricing date: | April 20
|
| Settlement date: | April 26
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 2.1%
|
| Cusip: | 4042K1GA5
|
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