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 eyes barrier accelerated notes tied to Euro Stoxx Banks index
By Lisa Mayntz
Chicago, Feb. 10 – HSBC USA Inc. plans to price barrier accelerated market participation securities due Feb. 15, 2022 linked to the Euro Stoxx Banks index, according to a FWP filing with the Securities and Exchange Commission.
Investors will receive at maturity par plus 200% of any index gain up to a cap of at least 155%. The exact cap will be set at pricing.
If the index declines but finishes at or above the barrier level of 60%, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
HSBC Securities (USA) Inc. is the agent.
The notes will price on Feb. 17 and settle on Feb. 23.
The Cusip number is 40433UQ74.
© 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.