By Jennifer Chiou
New York, March 27 - HSBC USA Inc. priced $165,000 of income plus notes due March 27, 2019 linked to a basket of common stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes the common stocks of AT&T Inc., Bristol-Myers Squibb Co., ConocoPhillips, Intel Corp. and Walgreen Co.
Interest is payable annually. The interest rate will be 0.5% plus (a) 8% if each basket stock closes at or above its initial share price on the valuation date or (b) 0% otherwise.
The payout at maturity will be par plus the last coupon payment.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
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Issue: | Income plus notes
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Underlying stocks: | AT&T Inc., Bristol-Myers Squibb Co., ConocoPhillips, Intel Corp. and Walgreen Co.
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Amount: | $165,000
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Maturity: | March 27, 2019
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Coupon: | 8.5% if each basket stock closes at or above its initial share price on the valuation date or 0.5% otherwise; payable annually
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Price: | Par
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Payout at maturity: | Par plus final coupon
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Initial share prices: | $36.43 for AT&T; $40.39 for Bristol-Myers Squibb; $60.91 for ConocoPhillips; $21.33 for Intel; $46.49 for Walgreen
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Pricing date: | March 22
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Settlement date: | March 27
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Agent: | HSBC Securities (USA) Inc.
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Fees: | 0.25%
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Cusip: | 40432XCV1
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