New Issue: HSBC sells $70,000 income plus notes tied to five stocks

By Susanna Moon

Chicago, Oct. 26 – HSBC USA Inc. priced $70,000 of income plus notes due Oct. 31, 2024 linked to five common stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying companies are Cisco Systems, Inc., Deere & Co., Pfizer Inc., Philip Morris International Inc. and AT&T Inc.

Interest is payable annually. The interest rate will be 1.5% plus (a) 3.55% if each basket stock closes at or above its initial share price on the valuation date for that year or (b) 0% otherwise.

The payout at maturity will be par plus the final coupon.

The payout at maturity will be par.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Income plus notes
Underlying stocks:	Cisco Systems, Inc., Deere & Co., Pfizer Inc., Philip Morris International Inc. and AT&T Inc.
Amount:	$70,000
Maturity:	Oct. 31, 2024
Coupon:	1.5% plus (a) 3.55% if each basket stock closes at or above its initial share price on the valuation date for that year or (b) 0% otherwise; payable annually
Price:	Par
Payout at maturity:	Par plus coupon
Initial levels:	$34.27 for Cisco, $132.14 for Deere, $35.74 for Pfizer, $106.93 for Philip Morris and $33.68 for AT&T Inc.
Pricing date:	Oct. 26
Settlement date:	Oct. 31
Agent:	HSBC Securities (USA) Inc.
Fees:	3.75%
Cusip:	40435FGV3

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