Published on 10/4/2020 in the Prospect News Structured Products Daily.
New Issue: HSBC sells $3.39 million AMPS tied to VanEck Vectors Gold Miners ETF
By Marisa Wong
Los Angeles, Oct. 5 – HSBC USA Inc. priced $3.39 million of 0% Accelerated Market Participation Securities due Sept. 25, 2023 tied to the VanEck Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.7 times any ETF gain, capped at par plus 125%.
Investors will be fully exposed to any losses.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Buffered Accelerated Market Participation Securities
|
| Underlying ETF: | VanEck Vectors Gold Miners ETF
|
| Amount: | $3,393,000
|
| Maturity: | Sept. 25, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 170% of any ETF gain, capped at par plus 125%; full exposure to losses
|
| Initial value: | $40.02
|
| Pricing date: | Sept. 22
|
| Settlement date: | Sept. 25
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 0.75%
|
| Cusip: | 40438CWL1
|
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