| 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 dual directional barrier notes on S&P 500, Russell 2000
By Devika Patel
Knoxville, Tenn., March 23 – HSBC USA Inc. plans to price 0% dual directional barrier notes due April 1, 2019 linked to the worse performing of the S&P 500 index and the Russell 2000 index, according to an FWP filed with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any gain by the lesser performing index, up to a maximum return of 38%.
Investors will receive par plus the absolute value of the lesser performing index’s return if the worse index falls by up to 30%. If either of the indexes finishes below 70% of its initial level, investors will be exposed to the decline of the lesser performing index.
HSBC Securities (USA) Inc. is the agent.
The notes (Cusip: 40433ULA2) will price on March 24 and settle on March 30.
© 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.