By William Gullotti
Buffalo, N.Y., Sept. 25 – HSBC USA Inc. priced $3.01 million of 9.82% autocallable yield notes due Oct. 22, 2024 linked to the stock performance Boeing Co., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The notes will be called at par if the stock closes at or above its initial level on any monthly call date after six months.
The payout at maturity will be par unless the stock finishes below its 75% trigger price, in which case investors will receive a number of shares equal to the principal divided by the initial share price or, at the issuer’s option, the cash equivalent.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Autocallable yield notes
|
| Underlying stock: | Boeing Co.
|
| Amount: | $3,007,000
|
| Maturity: | Oct. 22, 2024
|
| Coupon: | 9.82%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par unless the stock finishes below its 75% trigger price, in which case receive a number of shares equal to the principal divided by the initial share price or the cash equivalent
|
| Call: | Automatically at par if stock closes at or above initial level on any monthly call date after six months
|
| Initial share price: | $204.48
|
| Trigger price: | $153.36; 75% of initial level
|
| Pricing date: | Sept. 19
|
| Settlement date: | Sept. 22
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 1.5%
|
| Cusip: | 40428HXZ0
|
|
|
© 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.
