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 airbag performance notes linked to S&P Low Volatility index
By Toni Weeks
San Diego, Dec. 4 - HSBC USA Inc. plans to price 0% airbag performance securities due Dec. 29, 2017 linked to the S&P Low Volatility index, according to an FWP filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 145% to 155% of the return.
If the index return is zero or negative and the final index level is greater than or equal to the 75% threshold level, the payout will be par.
If the index falls by more than 25%, investors will lose 1.33333% for every 1% decline in the index.
The notes (Cusip: 40433T554) are expected to price Dec. 26 and settle Dec. 31.
HSBC Securities (USA) Inc. is the underwriter with UBS Financial Services Inc. 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.