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 trigger gears linked to S&P 500 index
By Angela McDaniels
Tacoma, Wash., April 4 – HSBC USA Inc. plans to price 0% trigger gears due April 30, 2024 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
If the index return is greater than zero, the payout at maturity will be par of $10 plus 1.35 to 1.40 times the index return. The exact upside gearing will be set at pricing. Investors will receive par if the index declines by 25% or less and be fully exposed to the index’s decline from its initial level if it declines by more than 25%.
UBS Financial Services Inc. and HSBC Securities (USA) LLC are the agents.
The notes are expected to price April 25.
The Cusip number is 40436B808.
© 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.