| 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 contingent return optimization securities linked to S&P 500
By Toni Weeks
San Diego, Aug. 1 - HSBC USA Inc. plans to price 0% contingent return optimization securities due Aug. 29, 2014 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
If the final index level is at least 75% of the initial level, the payout at maturity will be par of $10 plus the greater between the 6% contingent return and the index return, subject to a maximum return of 23% to 295 that will be set at pricing.
If the final index level is less than 75% of the initial level, investors will be fully exposed to the decline.
The notes (Cusip: 40433M310) are expected to price Aug. 28 and settle Aug. 31.
HSBC Securities (USA) Inc. is the underwriter, and UBS Financial Services Inc. is the agent.
© 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.