Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers S > Headlines for Stoxx Europe 600 Banks index > News item |
HSBC plans digital dual directional barrier notes on Stoxx Europe 600 Banks
By Wendy Van Sickle
Columbus, Ohio, Feb. 9 – HSBC USA Inc. plans to price 0% digital dual directional barrier notes due July 2019 linked to the Stoxx Europe 600 Banks index, according to an FWP filing with the Securities and Exchange Commission.
If the index return is greater than or equal to negative 20%, the payout at maturity will be par plus the fixed return of at least 32%. If the index return is less than negative 20%, investors will be fully exposed to the decline.
HSBC Securities (USA) Inc. is the agent.
The notes will price on Feb. 17.
The Cusip number is 40433UR65.
© 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.