| 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% contingent income barrier callables tied to Amazon
New York, June 14 – HSBC USA Inc. plans to price 8% callable contingent income barrier notes due Sept. 26, 2019 linked to the common stock of Amazon.com, Inc., according to an FWP filing with the Securities and Exchange Commission.
Each quarter, the notes will pay an 8% contingent coupon if Amazon stock closes at or above the coupon trigger level, 75% of the initial share price, on the observation date for that quarter.
Starting Dec. 28, 2018, HSBC may call the notes at par plus the contingent coupon.
The payout at maturity will be par plus the final coupon unless the stock closes below its 75% barrier price on any day during the life of the notes, in which case investors will be fully exposed to the decline in the stock.
HSBC Securities (USA) Inc. is the agent.
The notes will price on June 22 and settle on June 27.
The Cusip number is 40435FH34.
© 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.