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 PLUS due 2017 with leverage, 15.5% cap linked to S&P 500
By Susanna Moon
Chicago, July 1 – HSBC USA Inc. plans to price Performance Leveraged Upside Securities due Nov. 3, 2017 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 300% of any index gain, up to a maximum return of 15.5%.
Investors will be exposed to any losses.
HSBC Securities (USA) Inc. is the underwriter with Morgan Stanley Wealth Management as a dealer.
The notes will price on July 15 and settle on July 20.
The Cusip number is 40434V582.
© 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.