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 return optimization notes on iShares FTSE/Xinhua fund
By Jennifer Chiou
New York, Aug. 30 - HSBC USA Inc. plans to price return optimization securities due 2013 linked to the iShares FTSE/Xinhua China 25 index fund, according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus five times any gain in the fund, up to a to-be-set maximum return.
Investors will share in any losses.
The exact terms for the notes (Cusip: 40433C494) will be set at pricing.
UBS Financial Services Inc. and HSBC Securities (USA) Inc. are the agents.
© 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.