By Jennifer Chiou
New York, Feb. 24 – HSBC USA Inc. priced $1,128,000 of income plus notes due Feb. 25, 2022 linked to a basket of stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying companies are Altria Group, Inc., Apple Inc., Ford Motor Co., Kraft Foods Group Inc. and Microsoft Corp.
Interest is payable annually. The interest rate will be 1% plus (a) 5% 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.
| Issuer: | HSBC USA Inc.
|
| Issue: | Income plus notes
|
| Underlying stocks: | Altria Group, Inc. (Symbol: MO), Apple Inc. (Symbol: AAPL), Ford Motor Co. (Symbol: F), Kraft Foods Group Inc. (Symbol: KRFT) and Microsoft Corp. (Symbol: MSFT)
|
| Amount: | $1,128,000
|
| Maturity: | Feb. 25, 2022
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| Coupon: | 6% if each basket stock closes at or above its initial share price on the valuation date for that year or 1% otherwise; payable annually
|
| Price: | Par
|
| Payout at maturity: | Par plus final coupon
|
| Pricing date: | Feb. 20
|
| Settlement date: | Feb. 25
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 3.75%
|
| Cusip: | 40433BZF8
|
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