| 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 performance notes with contingent protection tied to S&P 500
By Angela McDaniels
Tacoma, Wash., July 1 - HSBC USA Inc. plans to price 0% performance securities with contingent protection due July 31, 2015 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 116% to 126% of any index gain, with the exact participation rate to be set at pricing. Investors will receive par if the index return is between zero and negative 50% and will receive par plus the index return if that return is less than negative 50%.
The notes are expected to price July 27 and settle July 30.
UBS Financial Services 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.