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 18-month digital dual directional notes linked to Dax
By Susanna Moon
Chicago, Oct. 15 – HSBC USA Inc. plans to price 0% digital dual directional notes due April 2017 linked to the Deutsche Borse AG German Stock Price index, according to an FWP filing with the Securities and Exchange Commission.
If the index finishes at or above the 85% barrier level, the payout at maturity will be par plus the greater of the minimum upside return of 5% and any index gain up to a maximum return of 16%.
Otherwise, investors will be fully exposed to any losses.
HSBC Securities (USA) Inc. is the underwriter.
The notes will price and settle in October.
The Cusip number is 40433UBU9.
© 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.