| 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 leveraged buffered uncapped notes on low volatility ETF
By Marisa Wong
Morgantown, W.Va., Oct. 31 – HSBC USA Inc. plans to price 0% leveraged buffered uncapped market participation securities due Nov. 30, 2021 linked to the PowerShares S&P 500 Low Volatility Portfolio exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus at least 1.2 times any fund gain. The exact upside participation rate will be set at pricing.
Investors will receive par if the fund falls by up to 15% and will lose 1% for every 1% decline beyond the 15% buffer.
HSBC Securities (USA) Inc. is the agent.
The notes will price on Nov. 21 and settle on Nov. 25.
The Cusip number is 40433UYR1.
© 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.