HSBC plans peak return participation notes on S&P 500 Low Volatility

By Susanna Moon

Chicago, Feb. 15 - HSBC USA Inc. plans to price 0% peak return participation notes due March 1, 2019 linked to the S&P 500 Low Volatility index, according to an FWP filing with the Securities and Exchange Commission.

If the index closes at or above its initial level on each of seven observation dates, the payout at maturity will be par plus 70% of the highest return, with a minimum return of 7%.

If the index falls on the observation dates, the payout will be par plus 7%.

The observation dates are Feb. 26, 2013, Feb. 26, 2014, Feb. 26, 2015, Feb. 26, 2016, Feb. 27, 2017, Feb. 26, 2018 and Feb. 26, 2019.

The S&P 500 Low Volatility index measures the performance of the 100 least volatile stocks in the S&P 500 index.

HSBC Securities (USA) Inc. is the underwriter.

The notes will price on Feb. 24 and settle on Feb. 29.

The Cusip is 4042K1XF5.

© 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.