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 to price autocallable return notes linked to Euro Stoxx
By Sarah Lizee
Olympia, Wash., July 25 – HSBC USA Inc. plans to price 0% autocallable return notes due July 29, 2024 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
The notes will be automatically called if the index closes at or above its initial level on any semiannual observation date beginning Aug. 7, 2020. The redemption price is par plus a call premium of 10.3%.
If the notes are not called, the payout at maturity will be par unless the index finishes below the 70% trigger level, in which case investors will be fully exposed to the decline.
HSBC Securities (USA) Inc. is the underwriter with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as placement agents.
The notes will price on July 26.
The Cusip number is 40435UUP7.
© 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.