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HSBC plans six-year performance notes linked to S&P 500 Low Volatility
By Susanna Moon
Chicago, June 25 - HSBC USA Inc. plans to price 0% performance notes due June 29, 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 90% of any index gain.
If the index falls, the payout will be par.
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. The index is rebalanced quarterly.
HSBC Securities (USA) Inc. is the underwriter.
The notes will price on June 26 and settle on June 29.
The Cusip number is 4042K1U43.
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