If your securities are linked to the EFA: The other special risks associated with foreign securities may include, but are not limited to: These companies tend to have smaller revenues, less diverse product lines, smaller shares of their product or service markets, fewer financial resources and competitive strengths than large-capitalization companies, and are more susceptible to adverse developments related to their products. You are not willing or are unable to assume the credit risk associated with HSBC, as Issuer of the securities. We urge you to consult your investment, legal, tax, accounting and other advisors before you invest in the securities. It is possible, for example, that the amount of the Excess Gain if any that would be recharacterized as ordinary income in respect of each security linked to the EFA will equal the excess of i any long-term capital gain recognized by the U. The securities may be suitable for you if:.
|Date Added:||11 August 2015|
|File Size:||56.49 Mb|
|Operating Systems:||Windows NT/2000/XP/2003/2003/7/8/10 MacOS 10/X|
|Price:||Free* [*Free Regsitration Required]|
We are using this free writing prospectus to solicit from you an offer to purchase the securities.
There is no direct legal authority as to the proper tax treatment of the securities, and therefore significant aspects of the tax treatment of the securities are uncertain as to both the timing and character of any inclusion in income in respect of the securities.
Supplemental Plan of Distribution Conflicts of Interest. The values of the EFA depends upon the stocks of non-U. You are unwilling to invest in the securities based on the Maximum Cap indicated herein with respect to that security offering, which may limit your return at maturity.
These foreign securities may have less liquidity and could be more volatile than many of the securities traded in U. The securities are senior unsecured debt obligations of the Issuer, HSBC, and are not, either directly vectlr indirectly, an obligation of any third party. This temporary price difference may exist because, in our discretion, we may elect to effectively reimburse to investors a portion of the estimated cost of hedging our obligations yvc the securities and other costs in connection with the securities that we will no longer expect to incur over the term of the securities.
The following key terms relate to the offerings of securities: The appreciation on the securities is limited by the relevant Maximum Vecctor. Any such actions could affect the value of the securities. Hypothetical Payment at Maturity. 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. Because other dealers are not likely to make a secondary market for the securities, the price at which you may be able to trade your securities is likely to depend on the price, if any, at which HSBC Securities USA Inc.
???°???? ???????? at Aleksandr Mekal’
Before you invest, you should read the prospectus, prospectus supplement and relevant underlying supplement in that registration statement and other documents HSBC has filed with the SEC for more complete information about HSBC and these offerings.
Plan of Distribution Conflicts of Interest. The securities will not pay interest. You seek an investment for which there will be an active secondary market. The securities will not bear interest. HSBC and its affiliates play a variety of roles in connection with the issuance of the securities, including acting as calculation agent and hedging our obligations under the securities.
Under one approach, a security should be treated as a pre-paid executory contract with respect to the relevant Reference Asset. If the securities have become immediately due and payable following an Event of Default, you will not be entitled to any additional payments with respect to the securities.
You will be subject to significant risks not associated with conventional fixed-rate or floating-rate debt securities. An investment in the securities is subject to the credit risk of HSBC, and in the event that HSBC is unable to pay its obligations as they become due, gcc may not receive the full Payment at Maturity of the securities. Changes that affect the relevant Reference Asset will affect the market value of the securities and the amount you 3kd receive at maturity.
The relevant Reference Return is It is possible, for example, that the amount of the Excess Gain if any that would be recharacterized as ordinary income in respect of each security linked to the EFA will equal the excess of i any long-term capital gain recognized by the U. We have not authorized anyone to provide you with information or to make any representation to you that is not contained in this free writing prospectus, any accompanying underlying supplement, prospectus supplement and prospectus.
The Estimated Initial Value for each offering of the securities will be calculated on the Pricing Date and will be set forth in the pricing supplement to which this free writing prospectus relates.
These companies i3d to have smaller revenues, less diverse product lines, smaller shares of their product or service markets, fewer financial resources and competitive strengths than large-capitalization companies, and are more susceptible to adverse developments related to their products. You are willing to accept the risk and return profile of the securities versus a conventional debt security with a comparable maturity issued by HSBC or another issuer with a similar credit rating.
For a discussion of the U. Subject to the limitations described therein, and based on certain factual representations received from us, in the opinion of our special U.
KDE – KDE Applications Full Log Page
As a holder of the securities, you will not receive interest payments. Description of Preferred Stock. It is designed to measure performance of the broad domestic economy through changes in the aggregate market value of stocks representing all major industries.
The Estimated Initial Value will reflect the vecgor borrowing rate we use to issue market-linked securities, as well as the mid-market value of the embedded derivatives in the securities.