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 notes on S&P 500
By Marisa Wong
Morgantown, W.Va., June 26 – HSBC USA Inc. plans to price 0% buffered uncapped market participation securities due June 30, 2022 tied 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 100% of any index gain.
Investors will receive par if the index falls by up to 23% and will lose 1% for each 1% decline beyond 23%. The exact buffer will be at least 23% and will be set at pricing.
HSBC Securities (USA) Inc. is the agent.
The notes will price on June 27.
The Cusip number is 40433U6B7.
© 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.