Published on 3/25/2015 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $234,000 15-month AMPS linked to iShares MSCI EM fund
By Jennifer Chiou
New York, March 25 – HSBC USA Inc. priced $234,000 of 0% Accelerated Market Participation Securities due June 27, 2016 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any increase in the fund, subject to a cap of 17%.
Investors will be fully exposed to losses if the fund declines.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Accelerated Market Participation Securities
|
| Underlying fund: iShares MSCI Emerging Markets ETF
|
| Amount: | $234,000
|
| Maturity date: | June 27, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus triple any increase in fund, capped at 17%; full exposure to any losses
|
| Initial value: | $40.76
|
| Pricing date: | March 23
|
| Settlement date: | March 26
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | None
|
| Cusip: | 40433BF60
|
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