| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers S > Headlines for S&P MidCap 400 index > News item |
HSBC plans buffered return optimization notes tied to S&P MidCap 400
By Angela McDaniels
Tacoma, Wash., April 1 - HSBC USA Inc. plans to price 0% buffered return optimization securities due April 30, 2013 linked to the S&P MidCap 400 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 1.25 times any increase in the index, subject to a maximum return of 19% to 23% that will be set at pricing. Investors will receive par if the index falls by 10% or less and will lose 1% for every 1% that it declines beyond 10%.
The notes (Cusip: 40433C809) are expected to price April 26 and settle April 29.
UBS Financial Services Inc. and HSBC Securities (USA) Inc. are the agents.
© 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.