HSBC will price barrier digital return notes linked to S&P, Russell

By Devika Patel

Knoxville, Tenn., Dec. 22 – HSBC USA Inc. plans to price 0% barrier digital return notes due Dec. 30, 2019 linked to the least performing of the S&P 500 index and the Russell 2000 index, according to an FWP filed with the Securities and Exchange Commission.

If each index finishes at or above its barrier level, 75% of its initial level, the payout at maturity will be par plus the digital return which is expected to be at least 24% and will be set at pricing.

Otherwise, investors will lose 1% for each 1% decline in the worst performing index.

HSBC Securities (USA) Inc. is the agent.

. The notes (Cusip: 40433UJ80) are expected to price on Dec. 27 and settle on Dec. 30.

© 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.