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 plans dual directional trigger PLUS tied to Euro Stoxx 50
By Marisa Wong
Madison, Wis., Dec. 31 - HSBC USA Inc. plans to price 0% dual directional trigger Performance Leveraged Upside Securities due Aug. 5, 2019 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the final index level is greater than or equal to the initial index level, the payout at maturity will be par of $10 plus at least 150% of the index return. The exact leverage factor will be set at pricing.
If the final index level is less than the initial index level but is greater than or equal to the trigger level, the payout will be par plus the absolute value of the index return. The trigger level is 65% of the initial index level.
If the final index level is less than the trigger level, investors will be fully exposed to the decline from the initial index level.
HSBC Securities (USA) Inc. is the agent.
The notes will price on Jan. 31 and settle on Feb. 5.
The Cusip number is 40434B487.
© 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.