HSBC to price five-year digital-plus barrier notes linked to S&P 500

By Marisa Wong

Madison, Wis., July 3 - HSBC USA Inc. plans to price 0% digital-plus barrier notes due July 26, 2018 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

If the index finishes at or above the initial level, the payout at maturity will be par plus the greater of any index gain and the 32% to 38% minimum upside return. The exact floor will be set at pricing.

Investors will receive par if the index falls by up to 30% and will be fully exposed to losses if the index falls below the 70% barrier level.

HSBC Securities (USA) Inc. is the agent.

The notes will price on July 19 and settle on July 26.

The Cusip number is 40432XHF1.

© 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.