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 buffered uncapped notes on PowerShares S&P High Dividend
By Marisa Wong
Madison, Wis., April 13 – HSBC USA Inc. plans to price 0% buffered uncapped market participation securities due April 30, 2020 linked to the PowerShares S&P 500 High Dividend Portfolio, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus at least 1.2 times any fund gain. The exact upside participation rate will be set at pricing.
Investors will receive par if the fund falls by up to 20% and will lose 1% for every 1% decline beyond the buffer.
HSBC Securities (USA) Inc. is the agent.
The notes will price April 27 and settle April 30.
The Cusip number is 40433BM883.
© 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.