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 buffered market notes linked to SPDR S&P Homebuilders fund
By Susanna Moon
Chicago, Oct. 24 - HSBC USA Inc. plans to price 0% buffered market participation securities due Aug. 27, 2015 linked to the SPDR S&P Homebuilders ETF, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any fund gain, up to a maximum return of 14%.
Investors will receive par if the shares fall by up to 10% and will lose 1% for every 1% decline beyond 10%.
HSBC Securities (USA) Inc. is the agent.
The notes will price and settle in October.
The Cusip number is 4042K17H0.
© 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.