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HSBC plans to price zero-coupon callable accreting notes
By Angela McDaniels
Tacoma, Wash., Jan. 2 - HSBC USA Inc. plans to price zero-coupon callable accreting notes due Jan. 11, 2043, according to an FWP filing with the Securities and Exchange Commission.
The notes are callable in whole every five years beginning Jan. 11, 2014 at an annual yield of at least 4.25% per year compounded annually. The exact annual yield will be set at pricing.
If the notes are not called, the payout at maturity will be $3,485.64 per $1,000 principal amount of notes.
The notes are expected to price Jan. 4 and settle Jan. 11.
HSBC Securities (USA) Inc. is the agent.
The issuer has applied to list the notes on the New York Stock Exchange under the ticker symbol "HBA/43."
The Cusip number is 40432X5T4.
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