Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers H > Headlines for Hang Seng China Enterprises index > News item |
HSBC plans five-year 95%-protected market-tied notes on Hang Seng China
By Susanna Moon
Chicago, March 11 – HSBC USA Inc. plans to price 0% market-linked notes due March 31, 2020 tied to the Hang Seng China Enterprises index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain, up to a maximum return of 50% to 55%. The exact cap will be set at pricing.
If the index falls, the payout will be par plus the index return, subject to a minimum return of 95% of par.
HSBC Securities (USA) Inc. and UBS Financial Services Inc. are the agents.
The notes will price on March 27 and settle on March 31.
The Cusip number is 40433BH50.
© 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.