HSBC plans digital return knock-out buffer notes tied to Polish zloty

By Susanna Moon

Chicago, Nov. 1 - HSBC USA Inc. plans to price 0% digital return knock-out buffer notes due Nov. 18, 2013 linked to the Polish zloty relative to the dollar, according to an FWP with the Securities and Exchange Commission.

If the currency falls by more than 14.5%, the payout at maturity will be par plus the return, with exposure to any losses.

Otherwise, the payout will be par plus the digital return of 10%.

HSBC Securities (USA) Inc. is the underwriter with J.P. Morgan Securities LLC as the agent.

The notes will price on Nov. 2 and settle on Nov. 9.

The Cusip number is 40432X2X8.

© 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.