New Issue: HSBC prices $1.57 million income plus notes linked to five stocks

By Angela McDaniels

Tacoma, Wash., Oct. 30 – HSBC USA Inc. priced $1.57 million of income plus notes due Oct. 31, 2022 linked to the common stocks of Coca-Cola Co., General Motors Co., Merck & Co., Inc., Philip Morris International Inc. and Verizon Communications Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable annually. The interest rate will be 1% plus (a) 5.25% if each basket stock closes at or above its initial share price on the valuation date for that year or (b) 0% otherwise.

The payout at maturity will be par plus the last coupon payment.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Income plus notes
Underlying stocks:	Coca-Cola Co., General Motors Co., Merck & Co., Inc., Philip Morris International Inc. and Verizon Communications Inc.
Amount:	$1,571,000
Maturity:	Oct. 31, 2022
Coupon:	6.25% if each basket stock closes at or above initial share price on relevant valuation date or 1% otherwise; payable annually
Price:	Par
Payout at maturity:	Par plus last coupon
Initial share prices:	$42.61 for Coca-Cola, $34.97 for GM, $53.47 for Merck, $88.82 for Philip Morris and $46.17 for Verizon
Pricing date:	Oct. 27
Settlement date:	Oct. 30
Agent:	HSBC Securities (USA) Inc.
Fees:	3.75%
Cusip:	40433UAS5

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