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 performance allocator notes tied to indexes, ETF
By Sarah Lizee
Olympia, Wash., Feb. 7 – HSBC USA Inc. plans to price 0% performance allocator notes due Aug. 21, 2024 linked to a basket of indexes and an exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index, the Euro Stoxx 50 index and the iShares MSCI Emerging Markets ETF.
On the final valuation date, the weightings of 60%, 30% and 10% will be allocated to the best, second best and lowest performing asset, respectively.
If the allocated return is positive, the payout at maturity will be par plus at least 1.05 times the gain.
If the allocated return falls by up to 20%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the allocated return beyond 20%.
HSBC Securities (USA) Inc. is the underwriter.
The notes (Cusip: 40435UGD0) will price on Feb. 15.
© 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.