| 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 to price lookback allocator notes linked to three indexes
By Jennifer Chiou
New York, Jan. 6 – HSBC USA Inc. plans to price 0% lookback allocator notes linked to the S&P 500 index, the Euro Stoxx 50 index and the Hang Seng China Enterprises index, according to an FWP with the Securities and Exchange Commission.
The tenor is expected to be four to five years.
The payout at maturity will be par plus 60% of the return of the best-performing index, 30% of the return of the second best-performing index and 10% of the return of the worst-performing index. The notes are not principal protected, so investors will be exposed to any losses.
The notes (Cusip: 40433BXZ6) will price and settle in January.
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.