By Marisa Wong
Morgantown, W.Va., Feb. 26 – HSBC USA Inc. priced $1.44 million of 7.68% airbag autocallable yield notes due Feb. 24, 2020 linked to Dollar Tree, Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The notes will be called at par if the shares close at or above the initial share price on any quarterly observation date.
The payout at maturity will be par unless the final share price is less than the conversion price, in which case the payout will be a number of shares of Dollar Tree stock equal to $1,000 divided by the conversion price. The conversion price is 88% of the initial share price.
UBS Financial Services Inc. and HSBC Securities (USA) Inc. are the agents.
Issuer: | HSBC USA Inc.
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Issue: | Airbag autocallable yield notes
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Underlying stock: | Dollar Tree, Inc. (Symbol: DLTR)
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Amount: | $1.44 million
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Maturity: | Feb. 24, 2020
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Coupon: | 7.68%, payable monthly
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Price: | Par
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Payout at maturity: | Par unless final share price is less than conversion price, in which case 11.4958 shares of Dollar Tree stock
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Call: | At par if shares close at or above initial share price on any quarterly observation date
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Initial share price: | $98.85
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Conversion price: | $86.99, 88% of initial share price
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Pricing date: | Feb. 15
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Settlement date: | Feb. 21
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Agents: | UBS Financial Services Inc. and HSBC Securities (USA) Inc.
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Fees: | 1.5%
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Cusip: | 40436A297
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