| 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 to price barrier digital return notes on Russell 2000, Euro Stoxx
By Marisa Wong
Morgantown, W.Va., Aug. 1 – HSBC USA Inc. plans to price 0% barrier digital return notes due Sept. 10, 2018 linked to the lesser performing of the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
A trigger event occurs if either index closes below its barrier level, 70% of its initial level, on any day during the life of the notes.
If a trigger event does not occur, the payout at maturity will be par plus the digital return, which will be at least 7% and will be set at pricing. If a trigger event occurs but each index finishes at or above its initial level, the payout will be par. Otherwise, investors will be fully exposed to the decline of the lesser-performing index.
HSBC Securities (USA) Inc. is the agent.
The notes will price on Aug. 4.
The Cusip number is 40435FEB9.
© 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.