| 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 four-year buffered jump notes linked to fund, index basket
By Susanna Moon
Chicago, March 7 - HSBC USA Inc. plans to price 0% buffered jump securities due April 3, 2017 linked to a basket of three indexes and one fund, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index with a 40% weight, the Euro Stoxx 50 index with a 30% weight, the Russell 2000 index with a 20% weight and the iShares MSCI Emerging Markets index fund with a 10% weight.
If the basket finishes above its initial level, the payout at maturity will be par plus the greater of any gain and an upside payment of 11.5% to 15.5%.
Investors will receive par if the basket falls by up to 10% and will be exposed to any losses beyond 10%.
HSBC Securities (USA) Inc. will be the agent, with Morgan Stanley Smith Barney LLC as the dealer.
The notes will price on March 28 and settle on April 3.
The Cusip number is 40433T141.
© 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.