By Emma Trincal
New York, April 26 – HSBC USA Inc. priced $1.13 million of 0% autocallable barrier notes with step-up premium due April 27, 2026 linked to the lesser performing of the Euro Stoxx 50 index and the Russell 2000 index, according to an 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus a call premium if each index closes at or above its initial level on any annual observation date. The premium is 15.3% per year.
If the notes are not called, meaning all indexes have finished below their initial levels, the payout will be par unless any index has finished below its 70% barrier level, in which case investors will lose 1% for each 1% decline of the least-performing index from its initial level.
HSBC Securities (USA) Inc. is the agent.
The Cusip number is 40439JT47.
| Issuer: | HSBC USA Inc.
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| Issue: | Autocallable barrier notes with step-up premium
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| Underlying indexes: | Euro Stoxx 50 index and Russell 2000 index
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| Amount: | $1.13 million
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| Maturity: | April 27, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par unless either index has finished below barrier level, in which case investors will lose 1% for each 1% decline of least-performing index from its initial level
|
| Call: | At par plus a call premium if each index closes at or above its initial level on any annual observation date; premium is 15.3% per year
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| Initial index levels: | 3,840.01 for Stoxx, 1,940.665 for Russell
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| Barrier levels: | 2,688.007 for Stoxx, 1,358.4655 for Russell; 70% of initial levels
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| Pricing date: | April 22
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| Settlement date: | April 27
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| Agent: | HSBC Securities (USA) Inc.
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| Fees: | 0%
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| Cusip: | 40439JT47
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