| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers R > Headlines for Russell 2000 index > News item |
HSBC plans 8%-10% callable yield notes linked to fund, two indexes
By Jennifer Chiou
New York, June 14 - HSBC USA Inc. plans to price 8% to 10% callable yield notes due Dec. 29, 2014 linked to the S&P 500 index, the Russell 2000 index and the iShares MSCI EAFE index fund, according to an FWP filing with the Securities and Exchange Commission.
Interest will be payable quarterly. The exact rate will be set at pricing.
The notes may be called at par on any of coupon payment date beginning on Sept. 28, 2012.
The payout at maturity will be par unless any component dips below the 55% trigger level during the life of the notes, in which case investors will receive par plus the return of the worst-performing component.
The notes (Cusip: 4042K1T60) will price on June 22 and settle on June 27.
HSBC Securities (USA) Inc. is the underwriter.
© 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.