E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 9/26/2017 in the Prospect News Structured Products Daily.

New Issue: HSBC sells $1.02 million two-year buffered AMPS on PowerShares QQQ

By Marisa Wong

Morgantown, W.Va., Sept. 26 – HSBC USA Inc. priced $1.02 million of 0% buffered Accelerated Market Participation Securities due Sept. 20, 2019 linked to the PowerShares QQQ Trust, Series 1 exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 2 times any ETF gain, up to a maximum return of 10.75%.

Investors will receive par if the ETF falls by up to 15% and will lose 1% for every 1% decline beyond 15%.

HSBC Securities (USA) Inc. is the agent.

Issuer:HSBC USA Inc.
Issue:Buffered Accelerated Market Participation Securities
Underlying ETF:PowerShares QQQ Trust, Series 1 ETF
Amount:$1,022,000
Maturity:Sept. 20, 2019
Coupon:0%
Price:Par
Payout at maturity:Par plus 200% of any ETF gain, up to 10.75% cap; par if ETF declines by 15% or less; 1% loss per 1% drop beyond 15%
Initial value:$146.06
Pricing date:Sept. 15
Settlement date:Sept. 20
Agent:HSBC Securities (USA) Inc.
Fees:None
Cusip:40435FGB7

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.