HSBC plans capped gears linked to iShares MSCI EM ETF

By Susanna Moon

Chicago, May 11 – HSBC USA Inc. plans to price 0% capped gears due July 31, 2019 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 3 times any fund gain, up to a maximum return of between 17% and 18.8%.

Investors will be exposed to any losses.

UBS Financial Services Inc. and HSBC Securities (USA) Inc. are the agents.

The notes will price on May 25 and settle on May 31.

The Cusip number is 40435M391.

© 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.