| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers S > Headlines for S&P MidCap 400 index > News item |
HSBC plans four-year enhanced averaging buffered notes on basket
By Susanna Moon
Chicago, Sept. 21 – HSBC USA Inc. plans to price 0% enhanced averaging buffered notes due Oct. 5, 2020 linked to an index basket, according to an FWP filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index with a 50% weight, the S&P MidCap 400 index with a 20% weight, the iShares U.S. Real Estate exchange-traded fund with a 20% weight and the Russell 2000 index with a 10% weight.
If the basket finishes at or above the 80% threshold level, the payout at maturity will be 1.35 times to 1.45 times any gain in the basket based on the average return.
Otherwise, investors will be fully exposed to any losses.
The average reference return will be the average of the closing levels of the basket components on five observation dates beginning Sept. 30, 2019.
HSBC Securities (USA) Inc. is the agent.
The notes will price on Sept. 30 and settle on Oct. 5.
The Cusip number is 40433UVS2.
© 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.