HSBC plans contingent return optimization securities linked to S&P 500

By Susanna Moon

Chicago, June 4 - HSBC USA Inc. plans to price 0% contingent return optimization securities due June 30, 2014 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

If the index finishes at or above the 75% trigger level, the payout at maturity will be par of $10 plus the greater of 8% and any index gain up to a maximum return of 26% to 32%. The exact cap will be set at pricing.

Otherwise, investors will be fully exposed to any losses.

HSBC Securities (USA) Inc. is the underwriter with UBS Financial Services Inc. as dealer.

The notes will price on June 26 and settle on June 29.

The Cusip number is 40433M633.

© 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.