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HSBC plans performance barrier notes due 2016 linked to S&P 500 index
By Marisa Wong
Madison, Wis., Jan. 7 - HSBC USA Inc. plans to price 0% performance barrier notes due July 27, 2016 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 133% to 143% of any index gain.
Investors will receive par if the index falls by up to 25% and will be fully exposed to any losses if the index drops below the 75% barrier level.
HSBC Securities (USA) Inc. is the underwriter.
The notes will price on Jan. 28 and settle on Jan. 31.
The Cusip number is 40432X7A3.
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