| 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 return optimization securities linked to S&P 500
By Angela McDaniels
Tacoma, Wash., Oct. 27 – HSBC USA Inc. plans to price 0% return optimization securities due Nov. 30, 2015 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 three times the index return, subject to a maximum return of at least 11% that will be set at pricing. If the index return is negative, investors will be fully exposed to the decline.
HSBC Securities (USA) Inc. is the underwriter, and UBS Financial Services Inc. is acting as agent.
The notes will price Oct. 28 and settle Oct. 31.
The Cusip number is 40434D269.
© 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.