| 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 to price buffered return enhanced notes tied to S&P 500
By Sarah Lizee
Olympia, Wash., Feb. 8 – HSBC USA Inc. plans to price 0% buffered return enhanced notes due Aug. 23, 2021 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
If the index closes at or above its initial value, the payout at maturity will be par plus 2 times any gain with the payout capped at par plus 24%.
If the index declines by up to 15%, the payout will be par. Investors will lose 1.1765% for each 1% loss beyond 15%.
The placement agents are JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC.
The notes will price on Feb. 15.
The Cusip number is 40435UGH1.
© 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.