By Susanna Moon
Chicago, Oct. 26 – HSBC USA Inc. priced $1 million of income plus autocallable notes due Oct. 30, 2024 linked to five common stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying companies are Bristol-Myers Squibb Co., Ford Motor Co., HP Inc., Altria Group, Inc. and Verizon Communications Inc.
On any annual review date, the notes will be called at par plus an annual call premium of 6% if each underlying stock closes at or above its initial level for that year.
If the notes are not called, the notes will pay a coupon of 0.5% for that year.
The payout at maturity will be par.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
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| Issue: | Income plus autocallable notes
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| Underlying stocks: | Bristol-Myers Squibb Co. (NYSE: BMY), Ford Motor Co. (NYSE: F), HP Inc. (NYSE: HPQ), Altria Group, Inc. (NYSE: MO) and Verizon Communications Inc. (NYSE: VZ)
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| Amount: | $1 million
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| Maturity: | Oct. 30, 2024
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| Coupon: | 0.5%, payable annually if notes are not called
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| Price: | Par
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| Call: | Par plus 6% per year if each underlying stock closes at or above its initial level on review date for that year
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| Payout at maturity: | Par plus coupon
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| Initial levels: | $64.00 for Bristol-Myers, $12.04 for Ford, $21.67 for HP, $63.79 for Altria and $48.6 for Verizon
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| Pricing date: | Oct. 25
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| Settlement date: | Oct. 30
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| Agent: | HSBC Securities (USA) Inc.
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| Fees: | 3.8%
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| Cusip: | 40435FJQ1
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