HSBC plans to price lookback entry PLUS linked to S&P 500 index

By Marisa Wong

Morgantown, W.Va., Jan. 3 – HSBC USA Inc. plans to price 0% lookback entry Performance Leveraged Upside Securities due May 3, 2018 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The initial index level will be the lowest closing level of the index during the roughly two-week period from pricing up to and including Jan. 27.

The payout at maturity will be par plus 200% of any index gain, up to a maximum return of 12.25%.

Investors will be fully exposed to any losses.

HSBC Securities (USA) Inc. is the agent with distribution through Morgan Stanley Wealth Management.

The notes will price on Jan. 13.

The Cusip number is 40435C856.

© 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.