HSBC to price 6%-8% airbag autocallables linked to Community Health

By Angela McDaniels

Tacoma, Wash., April 22 – HSBC USA Inc. plans to price 6% to 8% airbag autocallable yield optimization notes due April 29, 2016 linked to the common stock of Community Health Systems, Inc., according to an FWP filing with the Securities and Exchange Commission.

Interest will be payable monthly. The exact interest rate will be set at pricing.

The notes will be called automatically at par if Community Health shares close at or above the initial share price on any quarterly observation date.

The payout at maturity will be par unless the final share price is less than the conversion price, in which case the payout will be a number of Community Health shares equal to $1,000 divided by the conversion price. The conversion price will be 80% of the initial share price.

UBS Financial Services Inc. and UBS Investment Bank are the agents.

The notes are expected to price April 28 and settle April 30.

The Cusip number is 40434G429.

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