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 to price digital dual directional notes linked to S&P 500
By Tali Rackner
Norfolk, Va., Dec. 3 – HSBC USA Inc. plans to price 0% digital dual directional notes due Dec. 29, 2020 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
If the index return is greater than or equal to negative 20%, the payout at maturity will be par plus the greater of the index return and the minimum upside return, which is expected to be 23% to 28% and will be set at pricing.
If the index return is less than negative 20%, investors will have full exposure to the index’s decline from its initial level.
HSBC Securities (USA) Inc. is the agent.
The notes will price on Dec. 23 and settle on Dec. 29.
The Cusip number is 40433UDX1.
© 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.