HSBC to price annual income opportunity notes linked to 10 stocks

By Angela McDaniels

Tacoma, Wash., March 4 - HSBC USA, Inc. plans to price annual income opportunity notes due March 27, 2020 linked to a basket of common stocks, according to an FWP filing with the Securities and Exchange Commission.

The basket includes Altria Group, Inc., Amgen Inc., Apple Inc., AT&T Inc., Exelon Corp., Maxim Integrated Products, Inc., Monsanto Co., Pfizer Inc., Silver Wheaton Corp. and Wells Fargo & Co.

Interest is payable annually and will equal the average of the performances of the basket stocks, subject to a minimum interest rate of 0.5% to 0.75% per year. The exact minimum interest rate will be set at pricing.

A stock's performance will be 7% if its return is greater than or equal to zero. If a stock's return is less than zero, its performance will be the greater of its return and negative 15%.

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

The notes will price March 22 and March 27.

HSBC Securities (USA) Inc. is the agent.

The Cusip number is 40432XCA7.

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