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 barrier enhanced participation notes on S&P, Russell
By Sarah Lizee
Olympia, Wash., July 19 – HSBC USA Inc. intends to price 0% barrier enhanced participation notes due July 25, 2024 linked to the S&P 500 index and the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.
If each index finishes at or above its initial level, the payout at maturity will be par plus at least 150% of the gain of the worse performing index. The exact participation rate will be set at pricing.
Investors will receive par if each index falls by no more than 50% and will be fully exposed to any losses of the worse performing index if it finishes below the 50% barrier level.
HSBC Securities (USA) Inc. is the agent.
The notes (Cusip: 40435FP27) will price on July 20 and settle July 25.
© 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.