By Susanna Moon
Chicago, Oct. 15 – HSBC USA Inc. priced $1 million of 13.9% autocallable yield notes due Oct. 26, 2015 linked to the common stocks of Apple Inc., Google Inc. and Twitter Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly.
The notes will be called at par if any stock closes at or above its initial level on any quarterly call date.
The payout at maturity will be par unless any stock finishes below its trigger level, 65% of its initial level, in which case investors will receive par plus the return of the worst performing stock.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Autocallable yield notes
|
| Underlying stocks: | Apple Inc., Google Inc. and Twitter Inc.
|
| Amount: | $1 million
|
| Maturity: | Oct. 26, 2015
|
| Coupon: | 13.9%, payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par unless any stock falls below trigger level, in which case par plus return of worst performing stock
|
| Call: | At par if each stock close at or above their initial levels on any quarterly call date
|
| Trigger levels: | 65% of initial levels
|
| Pricing date: | Oct. 9
|
| Settlement date: | Oct. 24
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 1%
|
| Cusip: | 40433BQC5
|
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
