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 Accelerated Return Notes linked to S&P via Merrill Lynch
By Angela McDaniels
Tacoma, Wash., Sept. 28 - HSBC USA Inc. plans to price 0% Accelerated Return Notes due January 2014 linked to the S&P 500 index via Bank of America Merrill Lynch, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any increase in the index, subject to a maximum return of 10% to 14% that will be set at pricing. Investors will be fully exposed to any decline in the index.
The notes are expected to price in October and settle in November.
© 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.