HSBC plans autocallable yield notes on JD.com. and Alibaba

By Wendy Van Sickle

Columbus, Ohio, March 15 – HSBC USA Inc. plans to price autocallable yield notes due March 25, 2019 linked to the lesser performing of the American Depository shares of JD.com, Inc. and Alibaba Group Holding Ltd., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly at an annual rate of at least 10%.

Beginning June 23, the notes will be called at par of $1,000 plus the interest payment if each stock closes at or above its initial level on any quarterly review date.

The payout at maturity will be par plus the final interest payment unless either stock finishes below its 70% trigger level, in which case investors will lose 1% for each 1% decline of the worst performing index from its initial level.

HSBC Securities (USA) Inc. is the agent.

The notes will price on March 20.

The Cusip number is 40435M 722.

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