By Susanna Moon
Chicago, July 31 – HSBC USA Inc. priced $1.31 million of income plus notes due Aug. 1, 2022 linked to a basket of stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying companies are Ford Motor Co., International Business Machines Corp., UnitedHealth Group Inc., Verizon Communications Inc. and Walgreens Boots Alliance, Inc.
Interest rate will be 1% plus another 7.25% if each basket stock closes at or above its initial share price on the valuation date for that year. Interest is payable annually.
The payout at maturity will be par plus the last coupon payment.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
|
Issue: | Income plus notes
|
Underlying stocks: | Ford Motor Co., International Business Machines Corp., UnitedHealth Group Inc., Verizon Communications Inc. and Walgreens Boots Alliance, Inc.
|
Amount: | $1.31 million
|
Maturity: | Aug. 1, 2022
|
Coupon: | 8.25% if each basket stock closes at or above its initial share price on the valuation date for that year; otherwise 1%; payable annually
|
Price: | Par
|
Payout at maturity: | Par plus final coupon
|
Pricing date: | July 28
|
Settlement date: | July 31
|
Agent: | HSBC Securities (USA) Inc.
|
Fees: | 3.025%
|
Cusip: | 40433B2S6
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.