By Susanna Moon
Chicago, June 26 - HSBC Bank USA, NA priced $76,000 income plus notes with minimum coupon due June 27, 2019 linked to a basket of common stocks, according to an FWP filing with the Securities and Exchange Commission.
The underlying companies are AT&T Inc., Intel Corp., Kraft Foods Inc., Pfizer Inc. and Reynolds American Inc.
If every underlying stock closes above its initial level on the valuation date, the coupon will be the minimum rate of 0.5% plus a performance-based coupon of 10.75%.
Otherwise, the notes will pay the minimum coupon of 0.5%.
Interest will be payable annually.
The payout at maturity will be par.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Income plus notes
|
| Underlying stocks: | AT&T Inc. (Symbol: T), Intel Corp. (Symbol: INTC), Kraft Foods Inc. (Symbol: KFT), Pfizer Inc. (Symbol: PFE) and Reynolds American Inc. (Symbol: RAI)
|
| Amount: | $76,000
|
| Maturity: | June 27, 2019
|
| Coupon: | If every underlying stock finishes above initial level, 11.25%; otherwise, 0.5%
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Initial prices: | $35.17 for AT&T, $26.95 for Intel, $38.85 for Kraft, $22.72 for Pfizer and $43.33 for Reynolds
|
| Pricing dates: | June 22
|
| Settlement date: | June 27
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 4.8%
|
| Cusip: | 4042K1S95
|
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