By Toni Weeks
San Luis Obispo, Calif., Nov. 12 – HSBC USA Inc. priced $300,000 of 12.5% autocallable yield notes due Nov. 24, 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 each stock closes at or above its initial price on any call observation date beginning Feb. 17, 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.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Autocallable yield notes
|
| Underlying stocks: | Apple Inc. (Symbol: AAPL), Google Inc. (Symbol: GOOGL) and Twitter Inc. (Symbol: TWTR)
|
| Amount: | $300,000
|
| Maturity: | Nov. 24, 2015
|
| Coupon: | 12.5%, payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par unless any stock finishes below trigger price, in which case full exposure to decline of worst-performing stock
|
| Call: | Automatically at par if each stock closes at or above initial share price on any quarterly call observation date
|
| Initial share prices: | $109.01 for Apple, $551.82 for Google and $40.31 for Twitter
|
| Trigger prices: | 65% of initial share prices
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| Pricing date: | Nov. 7
|
| Settlement date: | Nov. 24
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 1%
|
| Cusip: | 40433BRJ9
|
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