| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers E > Headlines for Euro Stoxx 50 index > News item |
HSBC to price knock-out buffer notes linked to Euro Stoxx 50
By Marisa Wong
Madison, Wis., Nov. 13 - HSBC USA Inc. plans to price 0% knock-out buffer notes due May 21, 2014 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
A knock-out event occurs if the index's closing level is less than the initial index level by more than 20% on any day during the life of the notes.
If a knock-out event does not occur, the payout at maturity will be par plus the greater of the index return and 9%. If a knock-out event occurs, the payout will be par plus the index return, which could be positive or negative.
HSBC Securities (USA) Inc. is the underwriter with J.P. Morgan Securities LLC as placement agent.
The notes (Cusip: 40432X3K5) will price on Nov. 16 and settle on Nov. 21.
© 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.