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 four-year Bumps linked to MSCI EAFE index
By Angela McDaniels
Tacoma, Wash., Oct. 7 – HSBC USA Inc. plans to price 0% Buffered Uncapped Market Participation Securities due Oct. 25, 2023 linked to the MSCI EAFE index, according to an FWP filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus at least 107% of the index return. The exact participation rate will be set at pricing. Investors will receive par if the index declines by 20% or less and will lose 1% for every 1% that it declines beyond 20%.
HSBC Securities (USA) Inc. is the agent.
The notes will price Oct. 18.
The Cusip number is 40435UYX6.
© 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.