| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers F > Headlines for Ford Motor Co. > News item |
HSBC plans 5%-6.5% trigger yield optimization notes linked to Ford
By Angela McDaniels
Tacoma, Wash., Oct. 9 - HSBC USA Inc. plans to price 5% to 6.5% trigger yield optimization notes due Oct. 20, 2014 linked to the common stock of Ford Motor Co., according to an FWP filing with the Securities and Exchange Commission.
The exact coupon will be set at pricing. Interest will be payable monthly.
The face amount of each note will be equal to the initial price of Ford stock.
The payout at maturity will be par unless the final price of Ford stock is less than 70% of the initial share price, in which case investors will receive one Ford share per note.
The notes are expected to price Oct. 12 and settle Oct. 17.
HSBC Securities (USA) Inc. is the underwriter with UBS Financial Services Inc. as dealer.
The Cusip number is 40433T760.
© 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.