HSBC to price 9% autocallable yield notes linked to three stocks

By Susanna Moon

Chicago, Oct. 17 – HSBC USA Inc. plans to price 9% autocallable yield notes due October 2016 linked to the common stocks of Baker Hughes Inc., Halliburton Co. and Schlumberger Ltd., according to an FWP with the Securities and Exchange Commission.

Interest is payable quarterly.

The notes will be called at par if each stock closes at or above its initial price on any call observation date beginning in January 2015.

The payout at maturity will be par unless any stock finishes below its 65% trigger level, in which case investors will be fully exposed to any losses of the worst performing stock.

HSBC Securities (USA) Inc. is the underwriter.

The notes will price and settle in October.

The Cusip number is 40433BRH3.

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