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 market-linked notes due 2021 linked to Euro Stoxx 50 ETF
By Tali Rackner
Norfolk, Va., April 22 – HSBC USA Inc. plans to price 0% market-linked notes due April 30, 2021 linked to the SPDR Euro Stoxx 50 exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.
If the underlying return is positive, the payout at maturity will be par of $10 plus any fund gain, up to a maximum gain that is expected to be between 153% and 163%. The exact cap will be set at pricing.
If the fund return is zero or falls, the payout will be the greater of par plus the return and $9.50 per note.
UBS Financial Services Inc. and HSBC Securities (USA) Inc. the agents.
The notes will price on April 27 and settle on April 29.
The Cusip number is 40434N333.
© 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.