By Angela McDaniels
Tacoma, Wash., March 4 – HSBC USA Inc. priced $3.83 million of 6% airbag autocallable yield optimization notes due Jan. 28, 2016 linked to the common stock of Huntsman Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The notes will be called automatically at par if Huntsman shares close at or above the initial share price on any quarterly observation date.
The payout at maturity will be par unless the final share price is less than the conversion price, in which case the payout will be a number of Huntsman shares equal to $1,000 divided by the conversion price. The conversion price is 82% of the initial share price.
HSBC Securities (USA) Inc. is the underwriter. UBS Financial Services Inc. is acting as agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Airbag autocallable yield optimization notes
|
| Underlying stock: | Huntsman Corp. (Symbol: HUN)
|
| Amount: | $3,831,000
|
| Maturity: | Jan. 28, 2016
|
| Coupon: | 6%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par unless final share price is less than conversion price, in which case number of Huntsman shares equal to $1,000 divided by conversion price
|
| Call: | Automatically at par if Huntsman shares close at or above initial share price on any quarterly observation date
|
| Initial share price: | $21.67
|
| Conversion price: | $17.77, 82% of initial share price
|
| Pricing date: | Jan. 23
|
| Settlement date: | Jan. 28
|
| Underwriter: | HSBC Securities (USA) Inc.
|
| Agent: | UBS Financial Services Inc.
|
| Fees: | 1.5%
|
| Cusip: | 40434F546
|
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