| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers H > Headlines for HSBC USA Inc. > News item |
HSBC to price best of airbag notes linked to S&P 500
By Angela McDaniels
Tacoma, Wash., April 7 - HSBC USA Inc. plans to price 0% best of airbag notes due April 28, 2014 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
If the final index level is less than 50% of the initial level, the payout at maturity will be par plus the index return. Otherwise, the payout will be par plus the greater of the index return and the contingent minimum return, which is expected to be 33% to 36% and will be set at pricing.
The notes are expected to price April 23 and settle April 28.
HSBC Securities (USA) Inc. is the agent.
© 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.