HSBC to price 8.95% airbag autocallable yield notes tied to Williams

By Sarah Lizee

Olympia, Wash., Dec. 12 – HSBC USA Inc. plans to price 8.95% airbag autocallable yield notes due Dec. 19, 2019 linked to Williams Cos., Inc. shares, according to an FWP filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The notes will be called at par if the stock closes at or above its initial 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 shares equal to $1,000 divided by the conversion price. The conversion price will be 85% of the initial share price.

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

The notes will price on Dec. 14 and settle on Dec. 19.

The Cusip number is 40436A594.

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