Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers N > Headlines for Nikkei 225 index > News item |
HSBC plans trigger PLUS notes due 2022 on worst of Nikkei 225, Topix
New York, July 14 – HSBC USA Inc. plans to price 0% Trigger Performance Leveraged Upside Securities due July 25, 2022 linked to the worst performing of the Nikkei 225 index and the Topix index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus at least 145% of any gain in the worst performing index. The exact participation rate will be set at pricing.
Investors will receive par if the worst performing index falls by up to 40% and will lose 1% for each 1% decline of that index from its initial level if the index drops below the 60% trigger level.
HSBC Securities (USA) Inc. is the agent, with Morgan Stanley Wealth Management handling distribution.
The notes will price on July 20 and settle on July 25.
The Cusip number is 40435H517.
© 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.