HSBC to price 10% autocallable yield notes linked to three stocks

By Jennifer Chiou

New York, Oct. 3 – HSBC USA Inc. plans to price 10% autocallable yield notes due October 2015 linked to the common stocks of Apple Inc., Google Inc. and Twitter Inc., according to an FWP with the Securities and Exchange Commission.

Interest is payable quarterly and will be at least 10%.

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 the final share price of any stock is below its trigger price, 65% of its initial price, in which case investors will be fully exposed to the decline of the worst-performing stock.

The notes will price and settle in October.

HSBC Securities (USA) Inc. is the underwriter.

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