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 five-year dual directional trigger PLUS tied to S&P 500
By Susanna Moon
Chicago, April 13 – HSBC USA Inc. plans to price 0% dual directional trigger Performance Leveraged Upside Securities due April 25, 2023 linked to the S&P 500 index, according to a 424B2 with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be par plus at least 124% of the gain. The exact participation rate will be set at pricing.
If the index falls but finishes at or above the 75% trigger level, the payout will be par plus the absolute value of the return.
Otherwise, investors will lose 1% for each 1% decline.
HSBC Securities (USA) Inc. is the agent, with Morgan Stanley Wealth Management handling distribution.
The notes are expected to price on April 20.
The Cusip number is 40435M623.
© 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.