| 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 knock-out buffer notes on iShares MSCI EM via JPMorgan
By Jennifer Chiou
New York, Jan. 27 - HSBC USA Inc. plans to price 0% knock-out buffer notes due Aug. 4, 2011 linked to the iShares MSCI Emerging Markets index fund, according to an FWP filing with the Securities and Exchange Commission.
J.P. Morgan Securities Inc. is the agent.
A knock-out event will occur if the fund falls by more than the buffer amount of 27% during the life of the notes.
If a knock-out event occurs, the payout at maturity will be par plus the return on the price of the fund. Investors are exposed to any losses.
If a knock-out event does not occur, the payout will be par plus the greater of the return or the contingent minimum return of par.
The notes will price on Jan. 29 and settle on Feb. 3.
© 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.