Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers W > Headlines for Walgreen Co. > News item |
HSBC plans income notes due 2019 on stocks with 0.5% minimum coupon
By Toni Weeks
San Luis Obispo, Calif., April 2 - HSBC USA Inc. plans to price income plus notes with minimum coupon due April 15, 2019 linked to a basket of common stocks, according to an FWP filing with the Securities and Exchange Commission.
The underlying companies are Bristol-Myers Squibb Co., ConocoPhillips, Intel Corp., AT&T Inc. and Walgreen Co.
If every underlying stock closes at or above its initial level on a valuation date, the coupon will be the minimum rate of 0.5% plus a performance-based coupon of at least 4.5%. Otherwise, the notes will pay the minimum coupon of 0.5%. Interest will be payable annually.
The payout at maturity will be par.
The exact terms will be set at pricing.
HSBC Securities (USA) Inc. is the agent.
The notes (Cusip: 40432XDW8) will price April 10 and settle April 15.
© 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.