By Marisa Wong
Madison, Wis., Oct. 29 – HSBC USA Inc. priced $735,000 of income plus notes due Oct. 29, 2021 linked to a basket of stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes the common stocks of Altria Group, Inc., Apple Inc., Eli Lilly and Co., McDonald’s Corp. and Verizon Communications Inc.
Interest is payable annually. The interest rate will be 1% plus (a) 7% if each basket stock closes at or above its initial share price on the valuation date for that year or (b) 0% otherwise.
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: | Altria Group, Inc., Apple Inc., Eli Lilly and Co., McDonald’s Corp. and Verizon Communications Inc.
|
Amount: | $735,000
|
Maturity: | Oct. 29, 2021
|
Coupon: | 8% if each basket stock closes at or above its initial share price on the valuation date for that year or 1% otherwise; payable annually
|
Price: | Par
|
Payout at maturity: | Par plus final coupon
|
Pricing date: | Oct. 24
|
Settlement date: | Oct. 29
|
Agent: | HSBC Securities (USA) Inc.
|
Fees: | 3.03%
|
Cusip: | 40433BQF8
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.