By Jennifer Chiou
New York, Oct. 16 - HSBC USA Inc. priced $880,986.48 of 6.5% trigger yield optimization notes due Oct. 20, 2014 linked to the common stock of Ford Motor Co., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The face amount of each note will be equal to the initial price of Ford stock.
The payout at maturity will be par in cash unless the final price of Ford stock is less than 70% of the initial share price, in which case investors will receive one Ford share per note.
HSBC Securities (USA) Inc. is the underwriter, and UBS Financial Services Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Trigger yield optimization notes
|
| Underlying stock: | Ford Motor Co. (Symbol: F)
|
| Amount: | $880,986.48
|
| Maturity: | Oct. 20, 2014
|
| Coupon: | 6.5%, payable monthly
|
| Price: | Par of $10.12
|
| Payout at maturity: | If final share price is less than trigger price, one Ford share; otherwise, par
|
| Initial share price: | $10.12
|
| Trigger price: | $7.08, 70% of initial price
|
| Pricing date: | Oct. 12
|
| Settlement date: | Oct. 17
|
| Underwriter: | HSBC Securities (USA) Inc. with UBS Financial Services Inc. as agent
|
| Fees: | 2.70%
|
| Cusip: | 40433T760
|
© 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.
