HSBC plans three-year capped trigger gears tied to S&P MidCap 400

By Susanna Moon

Chicago, July 12 – HSBC USA Inc. plans to price 0% capped trigger gears due July 29, 2021 linked to the S&P MidCap 400 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 2 times any index gain, up to a maximum return of 26.5% to 29.5%.

If the index falls by up to the 75% downside threshold, the payout will be par.

Otherwise, investors will be fully exposed to any losses.

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

The notes will price on July 26 and settle on July 31.

The Cusip number is 40435X835.

© 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.