New Issue: HSBC prices $1.04 million buffered AMPS linked to index, ETF basket

By Wendy Van Sickle

Columbus, Ohio, Feb. 14 – HSBC USA Inc. priced $1.04 million of 0% buffered Accelerated Market Participation Securities due Feb. 14, 2022 linked to a basket containing the S&P 500 index with a 70% weight, the S&P MidCap 400 index with a 15% weight and the iShares MSCI EAFE exchange-traded fund with a 15% weight, according to a 424B2 filing with the Securities and Exchange Commission.

If the basket return is positive, the payout at maturity will be par plus 1.5 times the basket return, subject to a maximum return of 13.8%%. Investors will receive par if the basket declines by 15% or less and will lose 1% for every 1% that it declines beyond 15%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered Accelerated Market Participation Securities
Underlying basket:	S&P 500 index (70% weight), S&P MidCap 400 index (15% weight) and iShares MSCI EAFE ETF (15% weight)
Amount:	$1,044,000
Maturity:	Feb. 14, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.5 times any basket gain, up to maximum return of 13.8%; par if basket declines by 15% or less; 1% loss for every 1% that basket declines beyond 15%
Initial share price:	3,327.71 for S&P 500, 2,049.3 for S&P 400 MidCap, $68.96 for ETF
Pricing date:	Feb. 7
Settlement date:	Feb. 12
Agent:	HSBC Securities (USA) Inc.
Fees:	0.5%
Cusip:	40435U5S9

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.