New Issue: HSBC sells $3.14 million 9.85% income barrier notes tied to Amazon

By Sarah Lizee

Olympia, Wash., Oct. 3 – HSBC USA Inc. priced $3.14 million of 9.85% income barrier notes due Oct. 3, 2019 linked to Amazon.com, Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

The payout at maturity will be par unless the underlying stock finishes below its 80% barrier level, in which case investors will be fully exposed to any losses.

HSBC Securities (USA) Inc. is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Income barrier notes
Underlying stock:	Amazon.com, Inc.
Amount:	$3,138,000
Maturity:	Oct. 3, 2019
Coupon:	9.85% per year, payable quarterly
Price:	Par
Payout at maturity:	Par unless stock finishes below 80% barrier level, in which case full exposure to losses
Initial price:	$2,003.00
Barrier price:	$1,602.40, 80% of initial price
Pricing date:	Sept. 28
Settlement date:	Oct. 3
Agent:	HSBC Securities (USA) Inc.
Fees:	1.625%
Cusip:	40435X249

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