| 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 plans knock-out buffer notes linked to five indexes via JPMorgan
By Susanna Moon
Chicago, June 2 - HSBC USA Inc. plans to price 0% knock-out buffer notes due Dec. 9, 2010 linked to a basket of indexes, according to an FWP filing with the Securities and Exchange Commission.
J.P. Morgan Securities Inc. is the agent.
The basket consists of the Hang Seng China Enterprises index with a weight of 33%, the Korea Stock Price Index 200 with a weight of 23%, the MSCI Taiwan index with a weight of 20%, the Hang Seng index with a weight of 16% and the MSCI Singapore index with a weight of 8%.
The payout at maturity will be par plus the greater of the basket return and 0.5% unless the basket falls by more than the knock-out buffer of 30% during the life of the notes, in which case investors will receive par plus the basket return.
The notes will price on June 5 and settle on June 10.
© 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.