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 Accelerated Return Notes due 2020 on VanEck Vectors Gold
By Sarah Lizee
Olympia, Wash., March 20 – HSBC USA Inc. plans to price 0% Accelerated Return Notes due May 2020 linked to the VanEck Vectors Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 300% of any gain in the fund, subject to a maximum return that is expected to be 20% to 24%. Investors will lose 1% for each 1% decline in the fund from its initial level.
The exact terms will be set at pricing.
BofA Merrill Lynch is the underwriter.
The notes will price in March.
© 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.