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 Accelerated Return Notes linked to S&P 500 via Merrill
By Susanna Moon
Chicago, May 25 - HSBC USA Inc. plans to price 0% Accelerated Return Notes due August 2013 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
Bank of America Merrill Lynch is the agent.
The payout at maturity is par of $10.00 plus triple any gain in the index, up to a maximum payment of $11.20 to $11.60 per note. The exact cap will be set at pricing.
Investors will be fully exposed to any index decline.
The notes will price in June and settle in July.
© 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.