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 market participation securities tied to iShares MSCI EAFE
By Toni Weeks
San Diego, Sept. 29 - HSBC USA Inc. plans to price 0% buffered uncapped market participation securities due Oct. 29, 2014 linked to the iShares MSCI EAFE index fund, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any gain in the fund. Investors will receive par if the fund falls by a buffer level of 15% to 20% and will be exposed to losses beyond the buffer. The exact buffer will be determined at pricing.
The notes (Cusip: 4042K1PS6) are expected to price Oct. 24 and settle Oct. 27.
HSBC Securities (USA) Inc. will act as 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.