HSBC to price market-linked notes tied to basket of seven stocks

By Jennifer Chiou

New York, March 31 – HSBC USA Inc. plans to price 0% market-linked notes due April 8, 2020 linked to a basket of stocks, equally weighted, according to an FWP with the Securities and Exchange Commission.

The underlying stocks include Altria Group Inc., Chevron Corp., Kimberly-Clark Corp., McDonald’s Corp., Merck & Co. Inc., PepsiCo, Inc. and the Procter & Gamble Co.

If the basket return is greater than zero, the payout at maturity will be par plus the return, capped at 26%.

If the basket return is less than or equal to zero, the payout will be par.

The notes (Cusip: 40433BN61) will price on April 2 and settle on April 8.

J.P. Morgan Securities LLC and JPMorgan Chase Bank NA are the placement agents.

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