HSBC plans to price capped gears due 2019 tied to Russell 2000 index

By Sarah Lizee

Olympia, Wash., Aug. 31 – HSBC USA Inc. plans to price 0% capped gears due Nov. 29, 2019 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

If the index finishes above its initial level, the payout at maturity will be par plus 3 times the gain, up to a maximum return of 11.5% to 13%.

If the index return is negative, investors will lose 1% for each 1% decline.

HSBC Securities (USA) Inc. and UBS Financial Services Inc. are the agents.

The notes will price on Sept. 25 and settle on Sept. 28.

The Cusip number is 40435X298.

© 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.