| 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 return optimization notes linked to ETF basket via UBS
By Angela McDaniels
Tacoma, Wash., July 7 - HSBC USA Inc. plans to price 0% return optimization securities with contingent protection due July 31, 2012 linked to a basket of exchange-traded funds, according to an FWP filing with the Securities and Exchange Commission.
The basket includes Standard & Poor's Depositary Receipts with a 40% weight, the iShares MSCI EAFE index fund with a 40% weight and the iShares MSCI Emerging Markets index fund with a 20% weight.
If the basket return is positive, the payout at maturity will be par of $10 plus 1.5 times the basket return, subject to a maximum return of 45% to 52% that will be set at pricing.
If the basket return is between 0% and and negative 50%, the payout will be par.
If the basket return is less than negative 50%, the payout will be par plus the basket return.
The notes are expected to price July 28 and settle July 31.
UBS Financial Services Inc. and HSBC USA Inc. are the underwriters.
© 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.