| 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 trigger autocallable optimization notes linked to Coca-Cola
By Susanna Moon
Chicago, Aug. 19 – HSBC USA Inc. plans to price 0% trigger autocallable optimization securities due Aug. 27, 2020 linked to Coca-Cola Co. shares, according to an FWP with the Securities and Exchange Commission.
The notes will be called at par of $10 plus an annualized call premium of 8% if the stock closes at or above the initial price on any quarterly observation date beginning Aug. 29, 2016.
If the stock finishes at or above the trigger level, 70% to 78% of the initial level, the payout at maturity will be par. The exact trigger price will be set at pricing.
Otherwise, investors will be fully exposed to any losses.
UBS Financial Services Inc. and HSBC Securities (USA) Inc. are the agents.
The notes will price on Aug. 21 and settle on Aug. 26.
The Cusip number is 40434K107.
© 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.