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 to price notes due 2022 linked to basket of indexes
By Sarah Lizee
Olympia, Wash., Jan. 28 – HSBC USA Inc. plans to price 0% notes due February 2022 linked to a basket of indexes, according to an FWP filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with an initial weight of 40%, the FTSE 100 index with an initial weight of 20%, the Nikkei Stock Average index with an initial weight of 20%, the Swiss Market Index with an initial weight of 7.5%, the S&P/ASX 200 index with an initial weight of 7.5% and the Hang Seng Index with an initial weight of 5%.
The payout at maturity will be par of $10 plus 135% to 155% any basket gain, with the exact leverage to be set at pricing.
Investors will receive par plus the absolute value of the basket return if the basket declines by up to 15% and will lose 1% for each 1% decline beyond the buffer.
BofA Merrill Lynch is the agent.
The notes will price and settle in February.
© 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.