Published on 5/30/2013 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $643,000 AMPS linked to iShares MSCI Emerging Markets
By Jennifer Chiou
New York, May 30 - HSBC USA Inc. priced $643,000 of 0% Accelerated Market Participation Securities due Dec. 3, 2014 linked to the iShares MSCI Emerging Markets index fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any ETF gain, subject to a maximum return of 21%. Investors will share in any losses.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Accelerated Market Participation Securities
|
| Underlying ETF: | iShares MSCI Emerging Markets index fund
|
| Amount: | $643,000
|
| Maturity: | Dec. 3, 2014
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus triple any ETF gain, up to maximum return of 21%; exposure to losses
|
| Initial share price: | $42.50
|
| Pricing date: | May 28
|
| Settlement date: | May 31
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | None
|
| Cusip: | 40432XES6
|
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