| 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 leveraged buffered uncapped notes linked to PowerShares S&P 500 Low Volatility
By Angela McDaniels
Tacoma, Wash., Sept. 30 - HSBC USA Inc. plans to price 0% leveraged buffered uncapped market participation securities due Oct. 31, 2016 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 greater than or equal to zero, the payout at maturity will be par plus 115% to 125% of the ETF's return. The exact upside participation rate will be set at pricing. If the ETF's return is less than zero but greater than or equal to negative 10%, the payout will be par. Otherwise, investors will lose 1% for every 1% that the ETF declines beyond 10%.
HSBC Securities (USA) Inc. is the agent.
The notes will price Oct. 25 and settle Oct. 30.
The Cusip number is 40432XLU3.
© 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.