| 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 to price capped performance buffer notes linked to Russell 2000
By Toni Weeks
San Luis Obispo, Calif., Dec. 3 - HSBC USA Inc. plans to price capped performance buffer notes due Jan. 2, 2015 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.
If the index finishes at or above the initial level, the payout at maturity will be par plus 200% of the gain, subject to a maximum return of at least 10.8% that will be set at pricing.
Investors will receive par if the index falls by up to 5% and will lose 1% for every 1% decline beyond 5%.
HSBC Securities (USA) Inc. is the agent.
The notes (Cusip: 40432XQS3) will price Dec. 20 and settle Dec. 26.
© 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.