HSBC plans return enhanced notes linked to S&P 500 via JPMorgan

By Susanna Moon

Chicago, June 21 - HSBC USA Inc. plans to price 0% return enhanced notes due July 11, 2012 linked to the S&P 500 index, according to an FWP with the Securities and Exchange Commission.

The payout at maturity will be par plus double any index gain, subject to a maximum return of 19.1%. Investors will share in any losses.

J.P. Morgan Securities LLC is the agent.

The notes will price on June 24 and settle on June 29.

The Cusip is 4042K1KB8.

© 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.