Published on 2/21/2017 in the Prospect News Structured Products Daily.
New Issue: HSBC sells $329,000 accelerated market participation notes on S&P 500
By Wendy Van Sickle
Columbus, Ohio, Feb. 21 – HSBC USA Inc. priced $329,000 of 0% accelerated market participation securities due April 27, 2018 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 double any index gain, up to a maximum return of 13%.
Investors will be exposed to any index decline.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Accelerated market participation securities
|
| Underlying index: | S&P 500
|
| Amount: | $329,000
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| Maturity: | April 27, 2018
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any index gain, capped at 13%; exposure to losses
|
| Initial level: | 2,351.16
|
| Pricing date: | Feb. 17
|
| Settlement date: | Feb. 27
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 1.5%
|
| Cusip: | 40433UN36
|
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