Published on 9/25/2013 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $803,000 buffered AMPS linked to iShares MSCI Emerging Markets
By Angela McDaniels
Tacoma, Wash., Sept. 25 - HSBC USA Inc. priced $803,000 of 0% buffered Accelerated Market Participation Securities due Sept. 28, 2015 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 double any ETF gain, subject to a maximum return of 21%. Investors will receive par if the ETF declines by 10% or less and will lose 1% for every 1% that the ETF declines beyond 10%.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Buffered Accelerated Market Participation Securities
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Underlying ETF: | iShares MSCI Emerging Markets
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Amount: | $803,000
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Maturity: | Sept. 28, 2015
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus double any ETF gain, up to maximum return of 21%; par if ETF declines by 10% or less; 1% loss for every 1% that ETF declines beyond 10%
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Initial share price: | $42.25
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Pricing date: | Sept. 23
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Settlement date: | Sept. 26
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Agent: | HSBC Securities (USA) Inc.
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Fees: | None
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Cusip: | 40432XKC4
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