HSBC plans digital notes with 70% barrier on S&P 500, Russell 2000

By Susanna Moon

Chicago, Feb. 27 - HSBC USA Inc. plans to price 0% digital notes due Aug. 27, 2015 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If both indexes finish at or above the 70% barrier level, the payout at maturity will be par plus the maximum upside return of 8.5% to 10.5%.

Otherwise, investors will receive par plus the return of the least performing index.

HSBC Securities (USA) Inc. is the agent.

The notes will price on March 2 and settle on March 7.

The Cusip number is 4042K1XY4.

© 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.