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HSBC plans to price zero-coupon callable accreting notes due 2043
By Susanna Moon
Chicago, April 5 - HSBC USA Inc. plans to price zero-coupon callable accreting notes due April 2043, according to an FWP with the Securities and Exchange Commission.
The notes are callable in whole every five years beginning in April 2015 at an annual yield of at least 4%.
If the notes are not called, the payout at maturity will be $3,243.40 per $1,000 principal amount of notes.
The issuer has applied to list the notes on the New York Stock Exchange under the symbol "HBA/43B."
HSBC Securities (USA) Inc. is the agent.
The notes will price and settle in April.
The Cusip number is 40432XAP6.
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