Published on 10/27/2010 in the Prospect News Structured Products Daily.
New Issue: HSBC sells $544,000 13-month AMPS linked to S&P 500 index
By Susanna Moon
Chicago, Oct. 27 - HSBC USA Inc. priced $544,000 of 0% Accelerated Market Participation Securities due Nov. 30, 2011 based on the performance of the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any gain in the index, up to a maximum return of 18%.
Investors will be exposed to any losses.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Accelerated Market Participation Securities
|
| Underlying index: | S&P 500
|
| Amount: | $544,000
|
| Maturity: | Nov. 30, 2011
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 300% of any index gain, capped at 18%; exposure to losses
|
| Initial index level: | 1,185.62
|
| Pricing date: | Oct. 25
|
| Settlement date: | Oct. 28
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 0.5%
|
| Cusip: | 4042K06G5
|
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