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 8.75%-10.75% trigger yield optimization notes on DuPont
By Susanna Moon
Chicago, Dec. 1 - HSBC USA Inc. plans to price 8.75% to 10.75% trigger yield optimization notes due Dec. 7, 2012 linked to E.I. du Pont de Nemours and Co. shares, according to an FWP filing with the Securities and Exchange Commission.
Interest will be payable monthly.
The face amount of each note will be equal to the initial price of DuPont stock.
The payout at maturity will be par unless the final price of DuPont stock is less than 75% of the initial share price, in which case investors will receive one DuPont share per note.
HSBC Securities (USA) Inc. is the underwriter, and UBS Financial Services Inc. is the agent.
The notes will price on Dec. 2 and settle on Dec. 7.
The Cusip number is 40433K850.
© 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.