HSBC to price annual income opportunity notes linked to 10 stocks

By Angela McDaniels

Tacoma, Wash., Oct. 1 - HSBC USA, Inc. plans to price annual income opportunity notes due Oct. 31, 2019 linked to a basket of common stocks, according to an FWP filing with the Securities and Exchange Commission.

The basket includes Barrick Gold Corp., Bristol-Myers Squibb Co., ConAgra Foods, Inc., FirstEnergy Corp., Halliburton Co., Intel Corp., PNC Financial Services Group, Inc., Tiffany & Co., UnitedHealth Group Inc. and Verizon Communications Inc.

Interest is payable annually and will equal the average of the performances of the basket stocks, subject to a minimum interest rate of 0.5% per year.

A stock's performance will be equal to 7% if its return is greater than or equal to zero. If a stock's return is less than zero, its performance will be the greater of its return and negative 30%.

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

The notes will price Oct. 26 and settle Oct. 31.

HSBC Securities (USA) Inc. is the agent.

The Cusip number is 4042K15K5.

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