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 lookback trigger PLUS on iShares China Large-Cap ETF
By Marisa Wong
Morgantown, W.Va., Aug. 21 – HSBC USA Inc. plans to price 0% lookback trigger Performance Leveraged Upside Securities due Feb. 27, 2020 linked to the iShares China Large-Cap exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.
The initial share price will be equal to the lowest closing price of the ETF on any scheduled trading day during the period from and including the pricing date to and including Sept. 21.
If the final share price is greater than the initial price, the payout at maturity will be par of $10 plus 150% of the gain, subject to a maximum payout of $11.80 per PLUS.
If the final price is less than or equal to the initial price but greater than or equal to the trigger price, 75% of the initial price, the payout will be par.
If the final price is less than the trigger price, investors will be fully exposed to the decline.
HSBC Securities (USA) Inc. is the agent with Morgan Stanley Wealth Management handling distribution.
The notes will price on Aug. 22.
The Cusip number is 40435X546.
© 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.