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 to price digital-plus barrier notes linked to S&P 500
By Angela McDaniels
Tacoma, Wash., July 3 - HSBC USA Inc. plans to price 0% digital-plus barrier notes due Aug. 3, 2016 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
If the index return is greater than or equal to zero, the payout at maturity will be par plus the greater of the index return and the minimum upside return, which is expected to be 36% to 42% and will be set at pricing.
If the index return is less than zero but greater than or equal to negative 30%, the payout will be par.
If the index return is less than negative 30%, investors will be fully exposed to the index decline from the initial level.
The notes are expected to price July 27 and settle Aug. 3.
HSBC Securities (USA) Inc. is the agent.
The Cusip number is 4042K1Y23.
© 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.