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 sell capped knock-out buffer notes on iShares MSCI EM
By Marisa Wong
Madison, Wis., Feb. 3 - HSBC USA Inc. plans to price capped knock-out buffer notes due Feb. 23, 2012 linked to the iShares MSCI Emerging Markets index fund, according to an FWP filing with the Securities and Exchange Commission.
If the fund share price falls by more than 20% from the initial price during the life of the notes, the payout at maturity will be par plus the fund return, which could be positive or negative. Otherwise, the payout will be the greater of the fund return and a contingent minimum return of 8.3%.
In either case, the payout will be capped at 25%.
HSBC Securities (USA) Inc. is the agent.
The notes (Cusip: 4042K1DT7) are expected to price on Feb. 4 and settle on Feb. 9.
© 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.