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 CARS linked to basket of real, peso, ruble, rand
By Marisa Wong
Morgantown, W.Va., May 21 – HSBC USA Inc. plans to price 0% Currency Accelerated Return Securities due May 31, 2022 linked to a basket of currencies relative to the U.S. dollar, according to an FWP filing with the Securities and Exchange Commission.
The basket includes equal weights of the Brazilian real, Colombian peso, Russian ruble and South African rand.
The payout at maturity will be par plus at least 1200% of any basket gain. The exact participation rate will be set at pricing.
If the basket falls by up to 30%, the payout will be par.
Investors will be fully exposed to the basket decline if it falls by more than 30%.
HSBC Securities (USA) Inc. is the agent.
The notes will price on May 23.
The Cusip number is 40435FA80.
© 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.