| 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 market participation notes on S&P MidCap 400
By Jennifer Chiou
New York, May 24 - HSBC USA Inc. plans to price 0% buffered market participation securities due June 2, 2017 linked to the S&P MidCap 400 index, according to an FWP with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus the index return, subject to a maximum return of 50% to 60%.
Investors will receive par if the index declines by up to the 25% buffer amount and will lose 1.3333% for every 1% that the index declines beyond the buffer.
The notes (Cusip: 40432XFQ9) will price on May 30 and settle on June 4.
HSBC Securities (USA) Inc. is the underwriter.
© 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.