Published on 7/25/2011 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $378,000 18-month AMPS linked to S&P 500 with 300% leverage
By Susanna Moon
Chicago, July 25 - HSBC USA Inc. priced $378,000 of 0% Accelerated Market Participation Securities due Jan. 25, 2013 linked to 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 index gain, up to a maximum return of 21.5%.
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: | $378,000
|
| Maturity: | Jan. 25, 2013
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 300% of any index gain, capped at 21.5%; exposure to losses
|
| Initial index level: | 1,343.8
|
| Pricing date: | July 21
|
| Settlement date: | July 26
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 0.6%
|
| Cusip: | 4042K1KT9
|
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