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 to price trigger performance securities linked to S&P 500
By Angela McDaniels
Tacoma, Wash., Aug. 31 - HSBC USA Inc. plans to price 0% trigger performance securities due Sept. 30, 2022 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus 185% to 205% of the index return. The exact participation rate will be set at pricing. Investors will receive par if the index falls by 50% or less and will be fully exposed to losses from the initial level if it falls by more than 50%.
The notes are expected to price Sept. 25 and settle Sept. 28.
HSBC Securities (USA) Inc. is the underwriter with UBS Financial Services Inc. as dealer.
The Cusip number is 40433M161.
© 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.