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 barrier leveraged tracker notes linked to Euro Stoxx 50
By Toni Weeks
San Luis Obispo, Calif., March 20 – HSBC USA Inc. plans to price 0% barrier leveraged tracker notes due April 26, 2021 linked to the Euro Stoxx 50 index, according to an FWP with the Securities and Exchange Commission.
If the index return is greater than zero, the payout at maturity will be par plus 150% to 155% of the index return. The exact upside participation rate will be set at pricing.
Investors will receive par if the index falls by up to 40% and will be fully exposed to losses from the initial level if the index falls by more than 40%.
The notes (Cusip: 40433BJ33) are expected to price April 17 and settle April 24.
HSBC Securities (USA) Inc. is the underwriter.
© 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.