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The following summary is a general discussion of the material U.
Dec 5, Posts: Any representation to the contrary is a criminal offense. Your return on the securities is limited to the principal amount plus any contingent quarterly payments, regardless of any appreciation in the value of the underlying shares. There is no guarantee that you would be able to reinvest the proceeds from an investment in the securities at a comparable return for a similar level of risk following our exercise of the call provision.
The amounts payable on the securities are not linked to the price of the underlying shares at any time other than on the determination dates, including the final determination date.
The prospectus supplement dated March 22, at: Exclusively-formulated alloy components boost performance by reducing power loss, enhancing durability, and achieving cooler operation. We do not plan to request a ruling from the IRS regarding the tax treatment of the securities, and the IRS or a court may not agree with the tax treatment described herein. The estimated initial value will reflect the implied borrowing rate we use to issue market-linked securities, as well as the mid-market value of the embedded derivatives in the securities.
Reality Bites Soldato Joined: As further described in the accompanying prospectus supplement and prospectus, the securities will rank on par with all of the other unsecured and unsubordinated debt obligations of HSBC, except such obligations as may be preferred by operation of law. How the Securities Work.
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Backup withholding may apply in respect of the amounts paid to a U. The securities offer investors an opportunity to earn a contingent quarterly payment at an annual rate of at least The price of your securities in the secondary market, if any, at any time after issuance will vary based on many factors, including the value of the underlying tnis and changes in market conditions, and cannot be predicted with accuracy.

The price thjs the underlying shares can rise or fall sharply due to factors specific to that underlying shares and its issuer, such as stock price volatility, earnings, financial conditions, corporate, industry and regulatory developments, management changes and decisions and other events, as well as general market factors, such as general stock market volatility and levels, interest rates and economic and political conditions.
The aye-ssu of the underlying shares may be, and has recently been, volatile, and we can give you no assurance that the volatility will lessen. Your payment at maturity is calculated as follows:.
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Under one approach, a security could be treated as a aye-us financial contract that provides for a contingent quarterly payment. The amount of any backup withholding from a payment to a Non-U.
The securities may be redeemed prior to maturity for the stated principal amount per security plus the applicable contingent quarterly payment, and the payment at maturity will vary depending on the final share price, as follows:. Information about the Underlying Shares.
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Contingent Income Auto-Callable Securities offer the opportunity for investors to earn a contingent quarterly payment at an annual rate of at least No affiliation with Netflix, Inc.
All specifications are subject to change without notice. You may receive less, and possibly significantly less, than thjs stated principal amount per security if you sell your securities prior to maturity. In addition, information regarding Netflix, Inc.
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The estimated initial value does not represent a minimum price at which we or any of our affiliates would be willing to purchase your securities in the secondary market if any exists at any time. This discussion is now closed. It is possible that the closing price of the underlying shares could remain below the downside threshold level for extended periods of time or aue-sus throughout the term of the securities so that you may receive few or no contingent quarterly payments.
Discussion in ' Graphics Cards ' started by GibboJan 25, Hypothetical Contingent Quarterly Payment:.
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