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 to price buffered uncapped market participation securities on S&P
By Devika Patel
Knoxville, Tenn., March 27 – HSBC USA Inc. plans to price 0% buffered uncapped market participation securities due April 30, 2020 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. Investors will receive par if the index declines by 15% or less and lose 1% for each 1% decline beyond the 15% buffer.
HSBC Securities (USA) Inc. is the agent.
The notes (Cusip: 40433U2H8) will price on April 25 and settle on April 28.
© 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.