HSBC plans trigger autocallable contingent yield notes tied to Intel

By Wendy Van Sickle

Columbus, Ohio, June 15 – HSBC USA Inc. plans to price 8% trigger autocallable contingent yield notes due June 21, 2019 linked to the common stock of Intel Corp., according to an FWP filing with the Securities and Exchange Commission.

Interest is payable quarterly if the stock closes above its 65% to 70% coupon barrier on the observation date for that quarter.

The notes will be called at par plus the contingent coupon if the stock closes at or above its initial level on any observation date after six months.

The payout at maturity will be plus the final coupon unless the stock closes below its barrier, in which case investors will be fully exposed to the loss.

UBS Financial Services Inc. and HSBC Securities (USA) Inc. are the agents.

The notes will price on June 17 and settle on June 22.

The Cusip number is 40434V616.

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