By Wendy Van Sickle
Columbus, Ohio, June 7 – HSBC USA Inc. priced $2.47 million of 7.15% airbag autocallable yield notes due June 9, 2017 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 notes will be called automatically at par if Ford 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 Ford shares equal to $1,000 divided by the conversion price. The conversion price is 88% of the initial share price.
HSBC Securities (USA) Inc. is the agent. UBS Financial Services Inc. is acting as distributor.
| Issuer: | HSBC USA Inc.
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| Issue: | Airbag autocallable yield notes
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| Underlying stock: | Ford Motor Co.
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| Amount: | $2,467,000
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| Maturity: | June 9, 2017
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| Coupon: | 7.15%, payable monthly
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| Price: | Par
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| Payout at maturity: | Par unless final share price is less than conversion price, in which case 87.1080 Ford shares
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| Call: | Automatically at par if Ford shares close at or above initial share price on any quarterly observation date
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| Initial share price: | $13.04
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| Conversion price: | $11.48, 88% of initial share price
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| Pricing date: | June 3
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| Settlement date: | June 8
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| Agent: | HSBC Securities (USA) Inc.
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| Distributor: | UBS Financial Services Inc.
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| Fees: | 1.5%
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| Cusip: | 40434V673
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