| 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 50/150 performance notes linked to PowerShares S&P 500 Low Volatility Portfolio
By Angela McDaniels
Tacoma, Wash., Sept. 30 - HSBC USA Inc. plans to price 0% 50/150 performance securities due Oct. 30, 2019 linked to the PowerShares S&P 500 Low Volatility Portfolio exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.
If the ETF's return is flat or positive, the payout at maturity will be par plus 150% of the ETF's return. If the ETF's return is negative, investors will lose 0.5% for every 1% that the ETF declines.
HSBC Securities (USA) Inc. is the agent.
The notes will price Oct. 25 and settle Oct. 30.
The Cusip number is 40432XLX7.
© 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.