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 enhanced participation notes linked to energy fund
By Angela McDaniels
Tacoma, Wash., Aug. 4 – HSBC USA Inc. plans to price 0% barrier enhanced participation notes due Sept. 3, 2019 linked to the Energy Select Sector SPDR Fund, according to an FWP filing with the Securities and Exchange Commission.
If the fund return is greater than zero, the payout at maturity will be par plus at least 1.25 times the fund return. The exact upside participation rate will be set at pricing. Investors will receive par if the fund falls by up to 25% and will be fully exposed to losses from the initial share price if the fund falls by more than 25%.
HSBC Securities (USA) Inc. is the agent.
The notes will price Aug. 26 and settle Aug. 31.
The Cusip number is 40433B5A2.
© 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.