New Issue: HSBC sells $693,000 income plus notes on five stocks with 5.75% potential coupon

By Wendy Van Sickle

Columbus, Ohio, Aug. 28 – HSBC USA Inc. priced $693,000 of income plus notes due Aug. 29, 2024 linked to five common stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying companies are Apple Inc., Boeing Co., Ford Motor Co., Eli Lily and Co. and Verizon Communications.

Interest is payable annually. The interest rate will be 1.5% plus (a) 4.25% 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 final coupon.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Income plus notes
Underlying stocks:	Apple Inc., Boeing Co., Ford Motor Co, Eli Lily and Co. and Verizon Communications
Amount:	$693,000
Maturity:	Aug. 29, 2024
Coupon:	1.5% plus (a) 4.25% if each basket stock closes at or above its initial share price on the valuation date for that year or (b) 0% otherwise; payable annually
Price:	Par
Payout at maturity:	Par plus final coupon
Initial levels:	$159.27 for Apple, $238.74 for Ford, $10.71 for Ford, $78.86 for Eli Lily, $48.31 for Verizon
Pricing date:	Aug. 24
Settlement date:	Aug. 29
Agent:	HSBC Securities (USA) Inc.
Fees:	3.75%
Cusip:	40435FDC8

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