E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 1/9/2019 in the Prospect News Structured Products Daily.

HSBC to price Strategic Accelerated Redemption Securities on S&P 500

By Sarah Lizee

Olympia, Wash., Jan. 9 – HSBC USA Inc. plans to price Strategic Accelerated Redemption Securities due January 2025 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The notes will be called at a premium of 8.5% to 9.5% per year if the closing level of the index is greater than its starting value on any of the annual observation dates.

If the notes are not called, investors lose 1% for each 1% decline in the index.

BofA Merrill Lynch is the agent.

The notes will price and settle in January.


© 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.