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 14-month Accelerated Return Notes with cap linked to Nikkei
By Susanna Moon
Chicago, Feb. 15 - HSBC USA Inc. plans to price 0% Accelerated Return Notes due April 2014 linked to the Nikkei Stock Average index, according to an FWP with the Securities and Exchange Commission.
BofA Merrill Lynch is the agent.
The payout at maturity will be par of $10.00 plus triple any gain in the index, up to a maximum return of 12% to 16%. The exact cap will be set at pricing.
Investors will be exposed to any losses.
The notes are expected to price and settle in February.
© 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.