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 capped buffer gears tied to Energy Select Sector SPDR fund
By Angela McDaniels
Tacoma, Wash., Jan. 9 – HSBC USA Inc. plans to price 0% capped buffer gears due Feb. 28, 2018 linked to the Energy Select Sector SPDR fund, according to an FWP filing with the Securities and Exchange Commission.
If the ETF return is greater than zero, the payout at maturity will be par of $10 plus two times the ETF return, subject to a maximum return that is expected to be 12% to 14% and will be set at pricing. Investors will receive par if the ETF declines by 10% or less and lose 1% for every 1% that the ETF declines beyond 10%.
UBS Financial Services Inc. and HSBC Securities (USA) Inc. are the agents.
The notes are expected to price Jan. 26.
The Cusip number is 40435C740.
© 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.