HSBC plans to price seven-year averaging notes linked to the Dow

By Marisa Wong

Morgantown, W.Va., July 12 – HSBC USA Inc. plans to price 0% averaging notes due July 31, 2023 linked to the Dow Jones industrial average, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus the greater of the index return and the minimum return of 2% to 4%. The exact minimum return will be set at pricing.

The index’s final level will be the average of its closing levels on 28 quarterly observation dates.

HSBC Securities (USA) Inc. is the agent.

The notes will price July 26.

The Cusip number is 40433UQZ2.

© 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.