HSBC plans to price income plus notes linked to five stocks

By Angela McDaniels

Tacoma, Wash., May 1 – HSBC USA Inc. plans to price income plus notes due May 31, 2024 linked to the common stocks of Altria Group, Inc., AT&T Inc., Bristol-Myers Squibb Co., General Motors Co. and HP Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable annually. The interest rate will be 1.75% plus (a) 3.25% 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.

The notes will price May 25.

The Cusip number is 40433U3V6.

© 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.