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 sell enhanced market participation notes linked to S&P 500
By Jennifer Chiou
New York, June 25 - HSBC USA Inc. plans to price 0% enhanced market participation notes due Oct. 25, 2010 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any index gain, up to cap of 20% to 25%, with the exact percentage to be set at pricing.
Investors will be exposed to any losses.
The notes will price on July 20 and settle on July 23.
HSBC Securities (USA) Inc. is the agent.
© 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.