| 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 50/150 performance notes due 2017 on S&P 500 Low Volatility
By Susanna Moon
Chicago, March 2 - HSBC USA Inc. plans to price 0% 50/150 performance notes due March 30, 2017 linked to the S&P 500 Low Volatility index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any index gain.
If the index falls, investors will lose 0.5% for each 1% drop.
The S&P 500 Low Volatility index is made up of the 100 least-volatile stocks over the previous year in the S&P 500 index. The volatilities of all S&P 500 constituents are calculated using daily standard deviation data for roughly the past year, and the weight for each index constituent is set inversely proportional to its volatility (higher weightings are assigned to the least volatile stocks). The index is rebalanced in February May, August and November of each year.
HSBC Securities (USA) Inc. is the underwriter.
The notes will price on March 27 and settle on March 30.
The Cusip number is 4042K1ZH9.
© 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.