By Angela McDaniels
Tacoma, Wash., Oct. 21 – HSBC USA Inc. priced $250,000 of 12% autocallable yield notes due Oct. 30, 2015 linked to the common equity securities of British Petroleum plc, Chevron Corp. and Total SA, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly.
The notes will be called at par if each stock closes at or above its initial share price on any quarterly call observation date.
The payout at maturity will be par unless any stock finishes below its trigger price, 80% of its initial share price, in which case investors will be fully exposed to the decline of the least-performing stock.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Autocallable yield notes
|
| Underlying stocks: | British Petroleum plc (London: BP), Chevron Corp. (NYSE: CVX) and Total SA (Euronext Paris: FP)
|
| Amount: | $250,000
|
| Maturity: | Oct. 30, 2015
|
| Coupon: | 12%, payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par unless any stock finishes below trigger price, in which case full exposure to decline of least-performing stock
|
| Call: | Automatically at par if each stock closes at or above initial share price on any quarterly call observation date
|
| Initial share prices: | £428.50 for BP, $111.80 for Chevron and €44.155 for Total
|
| Trigger prices: | 80% of initial share prices
|
| Pricing date: | Oct. 17
|
| Settlement date: | Oct. 31
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 1%
|
| Cusip: | 40433BQD3
|
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