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 to price five-year trigger performance notes linked to S&P 500
By Toni Weeks
San Luis Obispo, Calif., Aug. 4 – HSBC USA Inc. plans to price 0% trigger performance securities due Aug. 31, 2020 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 of $10 plus 112% to 122% of any index gain. The exact participation rate will be set at pricing.
If the index falls by up to the 60% trigger level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
HSBC Securities (USA) Inc. is the underwriter. UBS Financial Services Inc. is agent.
The notes will price Aug. 26 and settle Aug. 31.
The Cusip number is 40434E564.
© 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.