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 plans 8%-10% yield optimization notes tied to Deutsche via UBS
By Jennifer Chiou
New York, March 18 - HSBC USA Inc. plans to price 8% to 10% yield optimization notes with contingent protection due March 30, 2012 linked to the common stock of Deutsche Bank AG, according to an FWP filing with the Securities and Exchange Commission.
UBS Financial Services Inc. and HSBC Securities (USA) Inc. are the agents.
The face amount of each note will be equal to the closing price of Deutsche stock at pricing.
Interest will be payable monthly.
If the final share price is less than 75% of the initial share price, the payout at maturity will be one Deutsche share per note. Otherwise, the payout will be par.
The notes will price on March 29 and settle on March 31.
© 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.