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HSBC plans one-year buffered return enhanced notes linked to S&P 500
By Susanna Moon
Chicago, Jan. 23 - HSBC USA Inc. plans to price 0% buffered return enhanced notes due Feb. 12, 2014 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any gain in the index, up to a maximum return of 8.4%.
Investors will receive par if the index falls by up to 10% and will lose 1.11111% for each 1% decline beyond 10%.
HSBC Securities (USA) Inc. is the underwriter, and J.P. Morgan Securities LLC is the agent.
The notes will price on Jan. 25 and settle on Jan. 30.
The Cusip number is 40432XAB7.HSBC plans one-year buffered return enhanced notes linked to S&P 500
By Susanna Moon
Chicago, Jan. 23 - HSBC USA Inc. plans to price 0% buffered return enhanced notes due Feb. 12, 2014 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any gain in the index, up to a maximum return of 8.4%.
Investors will receive par if the index falls by up to 10% and will lose 1.11111% for each 1% decline beyond 10%.
HSBC Securities (USA) Inc. is the underwriter, and J.P. Morgan Securities LLC is the agent.
The notes will price on Jan. 25 and settle on Jan. 30.
The Cusip number is 40432XAB7.
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