By Jennifer Chiou
New York, April 26 - HSBC USA Inc. priced $50 million of zero-coupon callable accreting notes due May 7, 2043, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are callable every seven years beginning on May 7, 2015 at an annual yield of 4.8% compounded annually.
If the notes are not called, the payout at maturity will be $4,081.68 per $1,000 principal amount of notes.
HSBC Securities (USA) Inc. is the agent.
The notes have been approved for listing on the New York Stock Exchange under the ticker symbol "HBA/43B."
| Issuer: | HSBC USA Inc.
|
| Issue: | Zero-coupon callable accreting notes
|
| Amount: | $50 million
|
| Maturity: | May 7, 2043
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | $4,081.68 per $1,000 par amount
|
| Call: | At an annual yield of 4.8% compounded annually every seven years beginning on May 7, 2015
|
| Pricing date: | April 26
|
| Settlement date: | May 7
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | None
|
| Cusip: | 40432XAP6
|
| Listing: | NYSE: HBA/43B
|
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