| 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 callable accelerated market participation notes on S&P 500
By Marisa Wong
Milwaukee, Jan. 27 - HSBC USA Inc. plans to price 0% callable accelerated market participation securities due Feb. 3, 2012 linked to the S&P 500 index, according to a FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any index gain.
Investors will receive par if the index declines by 25% or less and will lose 1% for every 1% it declines if the decrease is more than 25%.
The securities will be redeemable at HSBC's option in whole, but not in part, on Feb. 4, 2011 at a price between 107% and 107.5% of the principal amount.
The securities will price on Jan. 29 and settle on Feb. 3.
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.