HSBC set to price yield notes on Amgen, Biogen, Thermo Fisher shares

By Wendy Van Sickle

Columbus, Ohio, Dec. 16 – HSBC USA Inc. plans to price yield notes due December 2017 linked to the common stocks of Amgen Inc., Biogen Inc. or Thermo Fisher Scientific Inc., according to an FWP filing with the Securities and Exchange Commission.

The interest rate will be at least 8% per year and will be set at pricing. Interest will be payable quarterly.

The payout at maturity will be par unless the shares of any of the stocks finish below their trigger level, 65% of their initial levels, in which case investors will be fully exposed to the decline of the shares of the worst-performing stock from their initial level.

HSBC Securities (USA) Inc. is the agent.

The notes will price and settle in December.

The Cusip number is 40433UF76.

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