Published on 12/24/2014 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $983,000 0% 15-month AMPS linked to S&P 500 index
By Toni Weeks
San Luis Obispo, Dec. 24 – HSBC USA Inc. priced $983,000 of 0% Accelerated Market Participation Securities due March 24, 2016 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 increase in the index, subject to a cap of 12.5%.
Investors will be fully exposed to losses if the index declines.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Accelerated Market Participation Securities
|
| Underlying index: | S&P 500 index
|
| Amount: | $983,000
|
| Maturity date: | March 24, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus triple any increase in index, capped at 12.5%; full exposure to any losses
|
| Initial value: | 2,070.65
|
| Pricing date: | Dec. 19
|
| Settlement date: | Dec. 24
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | None
|
| Cusip: | 40433BVY1
|
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