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 leveraged buffered uncapped notes linked to S&P 500
By Angela McDaniels
Tacoma, Wash., May 16 – HSBC USA Inc. plans to price 0% leveraged Buffered Uncapped Market Participation Securities due May 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 zero, the payout at maturity will be par plus at least 120% of the index return. The exact upside participation rate will be set at pricing. Investors will receive par if the index falls by 20% or less and will lose 1.25% for every 1% that the index declines beyond 20%.
HSBC Securities (USA) Inc. is the underwriter.
The notes will price May 20.
The Cusip number is 40433UMW3.
© 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.