| 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 plans to price buffered PLUS due 2018 linked to S&P 500 index
By Tali Rackner
Norfolk, Va., June 30 – HSBC USA Inc. plans to price 0% buffered Performance Leveraged Upside Securities due Aug. 3, 2018 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10.00 plus 200% of the index return, subject to a maximum payment of $12.40 per note.
Investors will receive par if the index declines by up to 10% and will lose 1% for every 1% that it declines beyond 10%.
HSBC Securities (USA) Inc. is the agent. Distribution is through Morgan Stanley Wealth Management.
The notes are expected to price July 31 and settle Aug. 5.
The Cusip number is 40434E838.
© 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.