| 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 trigger step securities linked to Euro Stoxx 50
By Devika Patel
Knoxville, Tenn., July 12 – HSBC USA Inc. plans to price 0% trigger step securities due July 30, 2021 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the index return is zero or positive, the payout at maturity will be par of $10 plus the greater of the step return and the index return. The step return is expected to be 48% to 52% and will be set at pricing. Investors will receive par if the index declines by 25% or less and will lose 1% for each 1% decline in the index decline from its initial level if it declines beyond 25%.
UBS Financial Services Inc. and HSBC Securities (USA) Inc. are the agents.
The notes (Cusip: 40435G303) will price on July 27 and settle on July 31.
© 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.