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 50/150 performance notes tied to S&P 500 Low Volatility
By Marisa Wong
Madison, Wis., Dec. 3 - HSBC USA Inc. plans to price 0% 50/150 performance securities due June 25, 2018 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 1.5 times any index gain.
If the index falls, investors will lose 0.5% for every 1% decline.
The S&P 500 Low Volatility index is made up of the 100 least-volatile stocks over the previous year in the S&P 500 index.
HSBC Securities (USA) Inc. is the agent.
The notes will price on Dec. 20 and settle on Dec. 26.
The Cusip number is 40432X4F5.
© 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.