HSBC to price autocallable yield notes linked to FedEx and Amazon.com

By Devika Patel

Knoxville, Tenn., May 29 – HSBC USA Inc. plans to sell autocallable yield notes due June 7, 2019 linked to the worst performing of the common stocks of FedEx Corp. and Amazon.com, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a quarterly coupon at an annual rate of at least 8.75%. The exact coupon will be set at pricing.

Beginning Sept. 4, 2018, the notes will be called at par if each stock closes at or above its initial level on any quarterly observation date.

The payout at maturity will be par unless either stock finishes below its trigger level, 75% of the initial level, in which case investors will lose 1% for each 1% decline of the worst performing stock from its initial level.

HSBC Securities (USA) Inc. is the agent.

The notes will price on June 4 and settle on June 7.

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