New Issue: HSBC prices $1.55 million seven-year income plus notes on five stocks

By Devika Patel

Knoxville, Tenn., Feb. 26 – HSBC USA Inc. priced $1.55 million of income plus notes due Feb. 28, 2023 linked to five common stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes the common stocks of Apple Inc., Bristol-Myers Squibb Co., Ford Motor Co., Philip Morris International Inc. and Wal-Mart Stores, Inc.

Interest will be 1%, plus 5.25% if each basket stock closes at or above its initial share price on the valuation date for that year or otherwise 0%. Interest is payable annually.

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:	Apple Inc., Bristol-Myers Squibb Co., Ford Motor Co., Philip Morris International Inc. and Wal-Mart Stores, Inc.
Amount:	$1,547,000
Maturity:	Feb. 28, 2023
Coupon:	6.25% if each basket stock closes at or above initial share price on valuation date or otherwise 1%; payable annually
Price:	Par
Payout at maturity:	Par plus last coupon
Initial share prices:	$96.10 for Apple, $62.23 for Bristol-Myers Squibb, $12.08 for Ford, $91.46 for Philip Morris and $67.12 for Wal-Mart
Pricing date:	Feb. 24
Settlement date:	Feb. 29
Agent:	HSBC Securities (USA) Inc.
Fees:	3.75%
Cusip:	40433UGQ3

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