| 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 buffered uncapped market participation notes on S&P 500
By Susanna Moon
Chicago, Oct. 1 - HSBC USA Inc. plans to price buffered uncapped market participation securities due Oct. 29, 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 plus any index gain.
Investors will receive par if the index falls by up to the 16% to 21% buffer and will lose 1% for every 1% decline beyond buffer. The exact buffer will be set at pricing.
HSBC Securities (USA) Inc. is the agent.
The notes will price on Oct. 24 and settle on Oct. 29.
The Cusip number is 4042K16A6.
© 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.