By Susanna Moon
Chicago, Dec. 27 - HSBC USA Inc. priced $1.55 million of income plus notes with 1% minimum coupon due Dec. 26, 2019 linked to a basket of common stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying companies are Bristol-Myers Squibb Co., ConocoPhillips, Intel Corp., AT&T Inc. and Walgreen Co.
If every underlying stock closes above its initial level on the valuation date, the coupon will be the minimum rate of 0.5% plus a performance-based coupon of 8%. Otherwise, the notes will pay the minimum coupon of 0.5%.
Interest is payable annually.
The payout at maturity will be par.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Income plus notes
|
| Underlying stocks: | Bristol-Myers Squibb Co. (NYSE: BMY), ConocoPhillips (NYSE: COP), Intel Corp. (Nasdaq: INTC), AT&T Inc. (NYSE: T) and Walgreen Co. (NYSE: WAG)
|
| Amount: | $1,552,000
|
| Maturity: | Dec. 26, 2019
|
| Coupon: | If every underlying stock finishes above initial level, 8.5%; otherwise, 0.5%; payable annually
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Pricing dates: | Dec. 20
|
| Settlement date: | Dec. 26
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 4%
|
| Cusip: | 40432X4T5
|
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