HSBC plans income plus notes on five stocks with 8% potential coupon

By Marisa Wong

Morgantown, W.Va., July 12 – HSBC USA Inc. plans to price income plus notes due July 31, 2023 linked to five common stocks, according to an FWP filing with the Securities and Exchange Commission.

The reference stocks are Bristol-Myers Squibb Co., Ford Motor Co., McDonald’s Corp., Philip Morris International Inc. and Wal-Mart Stores, Inc.

The interest rate will be 0.5% plus (a) 7.5% if each basket stock closes at or above its initial share price on the valuation date for that year or (b) 0% otherwise. Interest is payable annually.

The payout at maturity will be par plus the last coupon payment.

HSBC Securities (USA) Inc. is the agent.

The notes will price on July 26.

The Cusip number is 40433URF5.

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