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 trigger performance notes linked to Euro Stoxx 50
By Toni Weeks
San Luis Obispo, Calif., Feb. 20 - HSBC USA Inc. plans to price 0% trigger performance securities due Feb. 28, 2018 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 155% to 165% of any index gain, with the exact participation rate to be set at pricing.
Investors will receive par if the index falls by up to 25% and will be fully exposed to losses if the index finishes below the 75% trigger level.
HSBC Securities (USA) Inc. is the underwriter, and UBS Financial Services Inc. is the agent.
The notes (Cusip: 40434B214) will settle Feb. 28.
© 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.