HSBC plans 9.5% contingent income barrier autocallables on Nvidia

New York, June 1 – HSBC USA Inc. plans to price 9.5% contingent income autocallable barrier notes due Sept. 9, 2019 linked to the common stock of Nvidia Corp., according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annual rate of 9.5% if the stock closes at or above its coupon trigger, 60% of its initial price, on every day during that monthly observation period.

Starting Dec. 4, 2018, the notes will be automatically called at par plus any contingent coupon if the stock closes at or above its initial price on any quarterly call observation date.

The payout at maturity will be par unless the stock closes below its 60% barrier price on any day during the life of the notes in which case investors will lose 1% for every 1% that the final share price is less than the initial share price.

HSBC Securities (USA) Inc. is the agent.

The notes will price on June 4 and settle on June 7.

The Cusip number is 40435FG76.

© 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.