HSBC plans to price zero-coupon callable accreting notes due 2043

By Jennifer Chiou

New York, Jan. 10 - HSBC USA Inc. plans to price zero-coupon callable accreting notes due January 2043, according to an FWP with the Securities and Exchange Commission.

The notes are callable in whole every five years beginning in January 2014 at an annual yield of at least 4.35% per year, compounded annually. The exact annual yield will be set at pricing.

If the notes are not called, the payout at maturity will be $3,587.35 per $1,000 principal amount of notes.

The notes (Cusip: 40432X7E5) are expected to price and settle in January.

HSBC Securities (USA) Inc. is the agent.

The issuer has applied to list the notes on the New York Stock Exchange under the ticker symbol "HBA/43A."

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