HSBC plans buffered market participation notes with cap on S&P 500

By Toni Weeks

San Luis Obispo, Calif., June 28 - HSBC USA Inc. plans to price 0% buffered market participation securities due July 29, 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 any index gain, subject to a maximum return of 36% to 42% that will be set at pricing.

Investors will receive par if the index falls by up to 15% and will lose 1% for every 1% decline beyond the 15% buffer.

The notes (Cusip: 40432XH87) are expected to price July 26 and settle July 31.

HSBC Securities (USA) 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.