HSBC plans to price return optimization securities linked to S&P 500

By Wendy Van Sickle

Columbus, Ohio, Feb. 16 – HSBC USA Inc. plans to price 0% return optimization securities due March 29, 2017 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

If the index finishes above its initial level, the payout at maturity will be par of $10 plus triple the gain, up to a maximum return of 15.4% to 17.4%%. The exact cap will be set at pricing.

Investors will be fully exposed to any losses.

UBS Financial Services Inc. and HSBC Securities (USA) Inc. are the underwriters.

The notes will price on Feb. 24 and settle on Feb. 29.

The Cusip number is 40434N754.

© 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.