HSBC plans 11% two-year autocallable yield notes tied to three stocks

By Susanna Moon

Chicago, Sept. 29 – HSBC USA Inc. plans to price 11% autocallable yield notes due October 2018 linked to the common stocks of Halliburton Co., Baker Hughes Inc. and Schlumberger Ltd., according to an FWP filing with the Securities and Exchange Commission.

Interest will be payable quarterly.

The notes will be called at par if each stock closes at or above its initial level on any quarterly call observation date beginning January 2017.

The payout at maturity will be par unless any stock finishes below its 65% trigger level, in which case investors will be fully exposed to any losses of the worst performing stock.

HSBC Securities (USA) Inc. is the agent.

The notes will price and settle in October.

The Cusip number is 40433UWY8.

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