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 to price knock-out buffer notes linked to S&P 500 via JPMorgan
By Angela McDaniels
Tacoma, Wash., April 14 - HSBC USA Inc. plans to price 0% knock-out buffer notes due Oct. 22, 2010 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
J.P. Morgan Securities Inc. is the agent.
If the index falls below the knock-out level - 70% of the initial index level - on any day during the life of the notes, the payout at maturity will be par plus the index return.
Otherwise, the payout will be par plus the greater of the index return and 3.5%.
The notes are expected to price April 16 and settle April 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.