By Susanna Moon
Chicago, Jan. 9 - HSBC USA Inc. priced $100 million zero-coupon callable accreting notes due Jan. 15, 2043, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are callable every five years beginning Jan. 15, 2014 at an annual yield of 4.63% compounded annually.
If the notes are not called, the payout at maturity will be $3,887.65 per $1,000 principal amount of notes.
HSBC Securities (USA) Inc. is the agent.
The notes have been approved for listing on the New York Stock Exchange under the ticker symbol "HBA/43."
| Issuer: | HSBC USA Inc.
|
| Issue: | Zero-coupon callable accreting notes
|
| Amount: | $100 million
|
| Maturity: | Jan. 15, 2043
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | $3,887.65 per $1,000 par amount
|
| Call: | At an annual yield of 4.63% compounded annually every five years beginning Jan. 15, 2014
|
| Pricing date: | Jan. 8
|
| Settlement date: | Jan. 15
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | None
|
| Cusip: | 40432X5T4
|
| Listing: | NYSE: HBA/43
|
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