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 to price six-year Stars linked to Euro Stoxx 50 index
By Wendy Van Sickle
Columbus, Ohio, Jan. 11 – HSBC USA Inc. plans to price 0% Strategic Accelerated Redemption Securities due January 2024 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index closes at or above its initial level on any annual observation date, the notes will be automatically called at par plus an annualized call premium of 11% to 12 %. The call premium will be set at pricing.
If the notes are not called, investors will be fully exposed to any index decline.
BofA Merrill Lynch is the agent.
The notes will price and settle in January.
© 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.