| 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 leveraged buffered uncapped notes on S&P 500 Low Volatility
By Toni Weeks
San Diego, July 2 - HSBC USA Inc. plans to price 0% leveraged buffered uncapped market participation securities due July 29, 2015 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 110% to 115% of the index return if the index return is greater than zero. Investors will receive par if the index declines by up to 20% and will lose 1% for every 1% that the index declines beyond the 20% buffer.
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 index is rebalanced quarterly.
The notes (Cusip: 4042K1X73) will price July 24 and settle July 27.
HSBC Securities (USA) Inc. is the underwriter.
© 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.