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 two-year notes with buffer, cap tied to S&P 500 via BofA
By Susanna Moon
Chicago, Jan. 12 – HSBC USA Inc. plans to price 0% notes due January 2019 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 plus any index gain, up to a capped return of 10% to 14%. The exact cap will be set at pricing.
Investors will receive par if the index falls by up to 15% and will lose 1% for each 1% decline beyond 15%.
BofA Merrill Lynch is the underwriter.
The notes will price and settle in January.
© 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.