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Prospect News home > News index > List of issuers H > Headlines for HSBC USA Inc. > News item
Published on 11/21/2012 in the Prospect News Structured Products Daily.

HSBC plans 6.5-year performance notes tied to S&P 500 Low Volatility

By Marisa Wong

Madison, Wis., Nov. 21 - HSBC USA Inc. plans to price 0% performance notes due May 13, 2019 linked to the S&P 500 Low Volatility index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any index gain.

If the index falls, the payout will be par.

HSBC Securities (USA) Inc. is the underwriter.

The notes will price Dec. 7 and settle Dec. 12.

The Cusip number is 40432X3S8.


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