| 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 five-year buffered uncapped market participation securities linked to Russell 2000
By Toni Weeks
San Luis Obispo, Calif., April 1 – HSBC USA Inc. plans to price 0% buffered uncapped market participation securities due April 29, 2020 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain.
Investors will receive par if the index falls by up to 15% and will lose 1% for every 1% decline beyond the 15% buffer.
HSBC Securities (USA) Inc. is the agent.
The notes will price April 24 and settle April 29.
The Cusip number is 40433BK49.
© 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.