Published on 9/16/2016 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $3 million of AMPS linked to basket of 20 common stocks
By Devika Patel
Knoxville, Tenn., Sept. 16 – HSBC USA Inc. priced $3 million of Accelerated Market Participation Securities due Sept. 16, 2019 linked to a basket of 20 common stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the common stocks of American Airlines Group Inc., Allegiant Travel Co., Alaska Air Group, Inc., BioMarin Pharmaceutical Inc., Delta Air Lines, Inc., Gilead Sciences, Inc., Horizon Pharma plc, Intercept Pharmaceuticals, Inc., Intuitive Surgical, Inc., Jetblue Airways Corp., Kite Pharma, Inc., Southwest Airlines Co., Las Vegas Sands Corp., MGM Resorts International, Puma Biotechnology, Inc., Regeneron Pharmaceuticals, Inc., Seattle Genetics, Inc., United Continental Holdings, Inc., Vertex Pharmaceuticals Inc. and Wynn Resorts, Ltd.
Payout at maturity will be par plus triple any gain on the basket, up to a maximum return of 23%.
Investors will lose 1% for each 1% decline in the basket.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
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| Issue: | Accelerated Market Participation Securities
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| Underlying basket: | American Airlines Group Inc., Allegiant Travel Co., Alaska Air Group, Inc., BioMarin Pharmaceutical Inc., Delta Air Lines, Inc., Gilead Sciences, Inc., Horizon Pharma plc, Intercept Pharmaceuticals, Inc., Intuitive Surgical, Inc., Jetblue Airways Corp., Kite Pharma, Inc., Southwest Airlines Co., Las Vegas Sands Corp., MGM Resorts International, Puma Biotechnology, Inc., Regeneron Pharmaceuticals, Inc., Seattle Genetics, Inc., United Continental Holdings, Inc., Vertex Pharmaceuticals Inc. and Wynn Resorts, Ltd.
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| Amount: | $3 million
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| Maturity: | Sept. 16, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus triple any basket gain, capped at 23%; 1% loss for each 1% decline in basket
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| Initial levels: | $36.96 for American Airlines, $134.99 for Allegiant Travel, $69.00 for Alaska Air Group, $95.59 for BioMarin, $36.82 for Delta, $77.88 for Gilead, $17.90 for Horizon, $152.15 for Intercept, $693.12 for Intuitive Surgical, $16.27 for Jetblue, $60.20 for Kite Pharma, $36.95 for Southwest, $54.73 for Las Vegas Sands, $24.72 for MGM, $58.47 for Puma, $398.31 for Regeneron, $46.16 for Seattle Genetics, $51.14 for United, $95.78 for Vertex, $92.79 for Wynn
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| Pricing date: | Sept. 12
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| Settlement date: | Sept. 14
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| Agent: | HSBC Securities (USA) Inc.
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| Fees: | 0.547%
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| Cusip: | 40433UVG8
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