Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers E > Headlines for Euro Stoxx 50 index > News item |
HSBC plans to price airbag performance notes linked to Euro Stoxx 50
By Marisa Wong
Madison, Wis., May 2 - HSBC USA Inc. plans to price 0% airbag performance securities due May 31, 2024 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 203% to 223% of any index gain with the exact participation rate to be set at pricing.
Investors will receive par if the index falls by up to 50% and will lose 2% for every 1% decline beyond 50%.
HSBC Securities (USA) Inc. is the underwriter with UBS Financial Services Inc. as agent.
The notes will price May 28 and settle May 30.
The Cusip number is 40434C618.
© 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.