| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers S > Headlines for S&P 500 index > News item |
HSBC plans five-year buffered uncapped market notes linked to S&P 500
By Angela McDaniels
Tacoma, Wash., Dec. 3 - HSBC USA Inc. plans to price 0% buffered uncapped market participation securities due Dec. 31, 2018 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus the index return. Investors will receive par if the index falls by an amount no greater than the buffer and will lose 1% for every 1% that it declines beyond the buffer, which is expected to be 20% to 25% and will be set at pricing.
HSBC Securities (USA) Inc. is the agent.
The notes will price Dec. 26 and settle Dec. 31.
The Cusip number is 40432XP54.
© 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.