| 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 6.5-year digital barrier notes linked to S&P 500 index
New York, June 9 – HSBC USA Inc. plans to price 0% digital barrier notes due Dec. 27, 2022 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
If the index return is zero or positive, the payout at maturity will be par plus the greater of the index return and the minimum upside return, which will be at least 64% and will be set at pricing.
Investors will receive par if the index falls by up to 30%. Investors will be fully exposed to the index’s decline if it falls by more than 30%.
HSBC Securities (USA) Inc. is the agent.
The notes will price on June 17 and settle on June 24.
The Cusip number is 40433UPN0.
© 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.