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 to price 15-month PLUS linked to S&P 500 index
By Angela McDaniels
Tacoma, Wash., Aug. 29 – HSBC USA Inc. plans to price 0% Performance Leveraged Upside Securities due Jan. 4, 2016 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus 300% of the index return, subject to a maximum return that is expected to be at least 11.25% and will be set at pricing. If the index return is negative, investors will have one-to-one exposure to the decline.
HSBC Securities (USA) Inc. is the agent. Distribution is through Morgan Stanley Wealth Management.
The notes are expected to price Sept. 30 and settle Oct. 3.
The Cusip number is 40434D715.
© 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.