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 one-year Stars linked to Amazon with 15%-19% call premium
By Susanna Moon
Chicago, June 3 – HSBC USA Inc. plans to price 0% Strategic Accelerated Redemption Securities due June 2016 linked to Amazon.com, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par of $10 plus an annualized call premium of 15% to 19% per year if the stock closes at or above its initial level on any quarterly review date.
The payout at maturity will be par unless the stock falls, in which case investors will be exposed to any losses.
BofA Merrill Lynch is the agent.
The notes will price and settle in June.
© 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.