| 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 to price lookback trigger step notes tied to Euro Stoxx 50
New York, May 11 – HSBC USA Inc. plans to price 0% lookback trigger step securities due May 31, 2022 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be par of $10 plus the greater of the gain and the step return of 50% to 55%. The exact step return will be set at pricing.
If the index falls by up to 20%, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
The initial index level will be the lowest closing level of the index from pricing through Aug. 25, 2017.
HSBC Securities (USA) Inc. is the agent with UBS Financial Services Inc. as dealer.
The notes will price on May 26 and settle on May 31.
The Cusip number is 40435D565.
© 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.