By Angela McDaniels
Tacoma, Wash., Sept. 29 – HSBC USA Inc. priced $1.23 million of income plus notes due Sept. 30, 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: | $1,231,000
|
| Maturity: | Sept. 30, 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: | Sept. 25
|
| Settlement date: | Sept. 30
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 3.762%
|
| Cusip: | 40433BMH8
|
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