Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers H > Headlines for HSBC USA Inc. > News item |
HSBC plans to price absolute return barrier notes linked to Nasdaq
By E. Janene Geiss
Philadelphia, Aug. 8 - HSBC USA Inc. plans to price an issue of zero-coupon principal protection absolute return barrier notes due August 2008 linked to the Nasdaq 100 index, according to an FWP filing with the Securities and Exchange Commission.
The notes are expected to price Aug. 28 and settle Aug. 31.
If the index closes above the upper index barrier or below the lower index barrier during the life of the notes or finishes at the initial index level, the payout will be par of $10.
Otherwise, the payout will be par plus the absolute value of the index return.
The upper index barrier is 120% of the initial index level and the lower barrier is 80% of the initial level.
HSBC Securities (USA) Inc. is the underwriter.
© 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.