| 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 price knock-out buffer notes linked to iShares MSCI EM
By Toni Weeks
San Diego, Jan. 24 - HSBC USA Inc. plans to price 0% knock-out buffer notes due Feb. 13, 2013 linked to the iShares MSCI Emerging Markets index fund, according to an FWP filing with the Securities and Exchange Commission.
A knock-out event occurs if the fund falls by more than 20% on the final valuation date.
If a knock-out event does not occur, the payout at maturity will be par plus the contingent return of 11.65%, or $1,165 per $1,000 principal amount of notes.
If a knock-out event occurs, the payout at maturity will be par plus the fund return, with full exposure to losses.
The notes (Cusip: 4042K1WE9) are expected to price Jan. 27 and settle Feb. 1.
HSBC Securities (USA) Inc. is the underwriter with J.P. Morgan Securities LLC as 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.