Published on 12/7/2015 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $230,000 buffered AMPS tied to iShares EAFE ETF
By Marisa Wong
Morgantown, W.Va., Dec. 7 – HSBC USA Inc. priced $230,000 of 0% buffered Accelerated Market Participation Securities due Nov. 30, 2017 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund return is positive, the payout at maturity will be par plus 1.2 times the fund gain, subject to a maximum return of 32%. Investors will receive par if the fund declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.
HSBC Securities (USA) Inc. is the underwriter.
Issuer: | HSBC USA Inc.
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Issue: | Buffered Accelerated Market Participation Securities
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Underlying ETF: | iShares MSCI EAFE ETF
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Amount: | $230,000
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Maturity: | Nov. 30, 2017
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Coupon: | 0%
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Price: | Par of $1,000
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Payout at maturity: | Par plus 1.2 times any fund gain, subject to a maximum return of 32%; par if the fund declines by 10% or less; 1% loss for every 1% that it declines beyond 10%
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Initial price: | $60.55
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Pricing date: | Nov. 24
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Settlement date: | Nov. 30
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Agent: | HSBC Securities (USA) Inc.
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Fees: | None
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Cusip: | 40433UDN3
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