By Wendy Van Sickle
Columbus, Ohio, Nov. 1 – HSBC USA Inc. priced $5.42 million of 8.3% airbag autocallable yield notes due Nov. 6, 2017 linked to Viacom, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable monthly.
The notes will be called at par if Viacom 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 Viacom shares equal to $1,000 divided by the conversion price. The conversion price will be 83% of the initial share price.
UBS Financial Services Inc. and HSBC Securities (USA) Inc. are the agents.
| Issuer: | HSBC USA Inc.
|
| Issue: | Airbag autocallable yield notes
|
| Underlying stock: | Viacom, Inc. (Symbol: VIAB)
|
| Amount: | $5,417,000
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| Maturity: | Nov. 6, 2017
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| Coupon: | 8.3%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par unless the final share price is less than conversion price, in which case Viacom shares equal to $1,000 divided by the conversion price
|
| Call: | At par if Viacom shares close at or above the initial share price on any quarterly observation date
|
| Initial share price: | $37.72
|
| Conversion price: | $31.31, 83% of initial price
|
| Pricing date: | Oct. 27
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| Settlement date: | Oct. 31
|
| Agents: | UBS Financial Services Inc. and HSBC Securities (USA) Inc.
|
| Fees: | 1.5%
|
| Cusip: | 40435B445
|
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