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 six-year market-linked step-up notes with buffer on Dow
By Susanna Moon
Chicago, Feb. 5 – HSBC USA Inc. plans to price market-linked step-up notes due February 2022 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above the step-up level of 135% to 141% of the initial level, the payout at maturity will be par plus the index gain.
If the index finishes at or below the step-up level but at or above the initial level, the payout will be par plus the step-up return of 35% to 41%, with the exact return to be set at pricing.
Investors will receive par if the index falls by up to 20% and will be exposed to any losses beyond 20%.
The exact deal terms, including step-up level and return, will be set at pricing.
BofA Merrill Lynch is the agent.
The notes will price in February and settle in March.
© 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.