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 USA to price autocallable notes linked to JPMorgan, Goldman Sachs
By Angela McDaniels
Tacoma, Wash., June 10 - HSBC USA Inc. plans to price 0% autocallable notes due June 18, 2010 linked to the common stocks of JPMorgan Chase & Co. and Goldman Sachs Group, Inc., according to an FWP filing with the Securities and Exchange Commission.
The notes will be called automatically if the worst-performing stock closes at or above its initial price on any of eight quarterly auto redemption dates. Investors will receive par plus an annualized return of 24% to the redemption date.
If the final price of the worst-performing stock is less than its barrier price - 75% of its initial price - the payout at maturity will be a number of shares of the worst-performing stock equal to $1,000 divided by that stock's initial price. Otherwise, the payout will be par.
The notes are expected to price on June 11 and settle on June 18.
HSBC Securities (USA) Inc. will be the agent.
© 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.