New Issue: HSBC prices $1.14 million income plus notes on five stocks with 0.5% minimum coupon

By Susanna Moon

Chicago, April 26 - HSBC USA Inc. priced $1.14 million of income plus notes due April 29, 2020 linked to a basket of common stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying companies are Apple Inc., Altria Group, Inc., eBay Inc., PepsiCo, Inc. and Wal-Mart Stores, Inc.

Interest will be 0.5% plus 8% if each basket stock closes at or above its initial share price on the valuation date. Interest is payable annually.

The payout at maturity will be par plus the last coupon payment.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Income plus notes
Underlying stocks:	Apple Inc., Altria Group, Inc., eBay Inc., PepsiCo, Inc. and Wal-Mart Stores, Inc.
Amount:	$1,144,000
Maturity:	April 29, 2020
Coupon:	8.5% if each basket stock closes at or above its initial share price on the valuation date or 0.5% otherwise; payable annually
Price:	Par
Payout at maturity:	Par plus final coupon
Pricing date:	April 24
Settlement date:	April 29
Agent:	HSBC Securities (USA) Inc.
Fees:	4.25%
Cusip:	40432XDY4

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