HSBC plans 14-month Accelerated Return Notes linked to S&P 500 index

By Tali Rackner

Norfolk, Va., July 31 – HSBC USA Inc. plans to price 0% Accelerated Return Notes due October 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 of $10 plus three times any index gain, capped at 10% to 14%. The exact cap will be set at pricing.

Investors will be exposed to any losses.

Merrill Lynch & Co. is the agent.

The notes will price in August and settle in September.

© 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.