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 amends upside leverage for buffered uncapped notes on Euro Stoxx
By Devika Patel
Knoxville, Tenn., Dec. 12 – HSBC USA Inc. updated the upside participation rate for its upcoming 0% leveraged buffered uncapped market participation securities due Dec. 31, 2021 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus at least 1.4 times any index gain. The exact upside participation rate will be set at pricing. Previously, the issuer said the upside participation rate would be at least 1.45 times.
Investors will receive par if the index falls by 25% or less and will lose 1% for every 1% decline beyond 25%.
HSBC Securities (USA) Inc. is the underwriter.
The notes (Cusip: 40433UB70) will price on Dec. 21 and settle on Dec. 27.
© 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.