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 three-year buffered uncapped market notes tied to S&P 500
By Susanna Moon
Chicago, July 11 – HSBC USA Inc. plans to price 0% buffered uncapped market participation securities due July 31, 2020 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 any index gain.
Investors will receive par if the index falls by up to 12% and will lose 1% for each 1% decline beyond 12%.
HSBC Securities (USA) Inc. is the agent.
The notes will price on July 26.
The Cusip number is 40435FBH9.
© 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.