HSBC plans to price five-year trigger autocallables linked to AT&T

By Susanna Moon

Chicago, Dec. 19 - HSBC USA Inc. plans to price 0% trigger autocallable optimization securities due Dec. 28, 2018 linked to AT&T Inc. shares, according to an FWP filing with the Securities and Exchange Commission.

After one year, the notes will be called at par plus a call return of 10% per year if AT&T shares close at or above the initial share price on any quarterly observation date.

The payout at maturity will be par unless AT&T shares finish below the trigger level, 65% to 70% of the initial share price, in which case investors will be fully exposed to any losses. The exact trigger price will be set at pricing.

UBS Financial Services Inc. and HSBC Securities (USA) Inc. are the agents.

The notes will price on Dec. 20 and settle on Dec. 31.

The Cusip number is 40434B560.

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