HSBC plans five-year trigger performance notes linked to Russell 2000

By Susanna Moon

Chicago, Jan. 5 – HSBC USA Inc. plans to price 0% trigger performance securities due Jan. 29, 2021 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 133% to 143% of any index gain, with the exact participation rate to be set at pricing.

If the index falls by up to the 75% trigger level, the payout will be par.

Otherwise, investors will be fully exposed to any losses.

HSBC Securities (USA) Inc. is the underwriter. UBS Financial Services Inc. is agent.

The notes will price on Jan. 26 and settle on Jan. 29.

The Cusip number is 40434K222.

© 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.