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 performance notes linked to Dow Industrials with no cap
By Toni Weeks
San Diego, Aug. 25 - HSBC USA Inc. plans to price 0% performance securities due 2018 linked to the Dow Jones Industrial Average, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain.
Investors will be exposed to losses, with a minimum payout of $900 per $1,000 principal amount.
The notes (Cusip: 4042K1MJ9) are expected to price Sept. 23 and settle Sept. 28.
HSBC Securities (USA) Inc. will be 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.