HSBC plans Accelerated Return Notes linked to S&P 500 index

By Marisa Wong

Madison, Wis., April 6 – HSBC USA Inc. plans to price 0% Accelerated Return Notes due April 2017 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 300% of any index gain, capped at 15% to 19%. The exact cap will be set at pricing.

Investors will be exposed to any losses.

BofA Merrill Lynch is the underwriter.

The notes will price and settle in April.

© 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.