HSBC plans to price trigger autocallable notes linked to Starbucks

By Susanna Moon

Chicago, Jan. 6 - HSBC USA Inc. plans to price 0% trigger autocallable optimization securities due Jan. 16, 2019 linked to Starbucks Corp. shares, according to an FWP filing with the Securities and Exchange Commission.

The notes will be called at par plus a call return of 8% per year if Starbucks shares close at or above the initial share price on any quarterly observation date after one year.

The payout at maturity will be par unless Starbucks shares finish below the trigger level, 61% to 66% of the initial share price, in which case investors will be fully exposed to any losses. The exact trigger price will be set at pricing.

UBS Financial Services Inc. and HSBC Securities (USA) Inc. are the agents.

The notes will price on Jan. 10 and settle on Jan. 15.

The Cusip number is 40434B412.

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