HSBC plans barrier leveraged tracker notes tied to Energy Select fund

By Angela McDaniels

Tacoma, Wash., April 1 – HSBC USA Inc. plans to price 0% barrier leveraged tracker notes due April 30, 2020 linked to the Energy Select Sector SPDR Fund, according to an FWP filing with the Securities and Exchange Commission.

If the ETF return is greater than zero, the payout at maturity will be par plus at least 115% of the ETF return. The exact upside participation rate will be set at pricing. Investors will receive par if the ETF falls by 20% or less and will be fully exposed to the ETF’s decline from its initial level if it falls by more than 20%.

HSBC Securities (USA) Inc. is the underwriter.

The notes will price April 27 and settle April 30.

The Cusip number is 40433BN53.

© 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.