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 three-year contingent income autocallables linked to HCA
By Susanna Moon
Chicago, March 28 – HSBC USA Inc. plans to price contingent income autocallable securities due April 3, 2020 linked to HCA Holdings, Inc. shares, according to an FWP filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of at least 8.3% if the shares close at or above the 80% downside threshold on the observation date for that quarter.
The notes will be called at par plus the contingent coupon if the shares close at or above the initial level on any of the first 11 determination dates.
The payout at maturity will be par plus the final coupon unless the shares finish below the 80% downside threshold, in which case investors will lose 1% for each 1% decline.
HSBC Securities (USA) Inc. is the underwriter, with Morgan Stanley Wealth Management as dealer.
The notes will price on March 31 and settle on April 5.
The Cusip number is 40435D862.
© 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.