HSBC plans six-year averaging notes linked to four Asian indexes

By Marisa Wong

Madison, Wis., Dec. 3 - HSBC USA Inc. plans to price 0% averaging notes due Dec. 26, 2018 linked to a basket of four equally weighted indexes, according to an FWP filing with the Securities and Exchange Commission.

The underlying indexes are the Hang Seng index, the Taiwan Stock Exchange Capitalization Weighted Stock index, the Korea Composite Stock Price Index 200 and the MSCI Singapore Free index.

The payout at maturity will be par plus any basket gain. If the basket falls, the payout will be par.

The final basket level will be based on the average of the index closing levels on each of the quarterly observation dates over the life of the notes.

HSBC Securities (USA) Inc. is the agent.

The notes will price on Dec. 20 and settle on Dec. 26.

The Cusip number is 40432X4N8.

© 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.