By Susanna Moon
Chicago, June 21 – HSBC USA Inc. priced $2 million of 8.5% autocallable yield notes due June 11, 2018 linked to the common stocks of Halliburton Co. and Schlumberger NV, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The notes will be called at par if each stock closes at or above its initial level on any review date.
The payout at maturity will be par unless either stock finishes below its 75% trigger level, in which case investors will be fully exposed to any losses of the worse performing stock.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
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| Issue: | Autocallable yield notes
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| Underlying stocks: | Halliburton Co. (Symbol: HAL) and Schlumberger NV (Symbol: SLB)
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| Amount: | $2 million
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| Maturity: | June 11, 2018
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| Coupon: | 8.5%, payable monthly
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| Price: | Par
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| Payout at maturity: | Par unless either stock falls below 75% trigger, in which case full exposure to any losses of worse performing stock
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| Call: | At par if each index closes at or above initial level on any quarterly review date beginning Sept. 4, 2017
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| Initial levels: | $45.30 for Halliburton, $68.96 for Schlumberger
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| Barrier levels: | $33.975 Halliburton, $51.72 for Schlumberger; 75% of initial levels
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| Pricing date: | June 2
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| Settlement date: | June 9
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| Agent: | HSBC Securities (USA) Inc.
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| Fees: | 1%
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| Cusip: | 40435D375
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