| 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 extends dates for barrier leveraged tracker notes on Euro Stoxx
By Toni Weeks
San Luis Obispo, Calif., Feb. 13 – HSBC USA Inc. extended the dates for its upcoming issue of 0% barrier leveraged tracker notes linked to the Euro Stoxx 50 index, according to an FWP with the Securities and Exchange Commission.
The notes will mature in February 2018 rather than in January 2018.
Additionally, the notes will price and settle in February. They had been expected to price and settle last month.
As previously reported, if the index return is greater than zero, the payout at maturity will be par plus at least 120% of the index return. The exact upside participation rate will be set at pricing.
Investors will receive par if the index falls by up to 25% and will be fully exposed to losses from the initial level if the index falls by more than 25%.
The Cusip number is 40433BYE2.
HSBC Securities (USA) Inc. is the underwriter.
© 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.