New Issue: HSBC prices $2.75 million autocallable notes linked to Euro Stoxx 50

By Tali Rackner

Norfolk, Va., May 6 – HSBC USA Inc. priced $2.75 million of 0% autocallable securities due April 30, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par of $10 plus a premium of 9.8% per year if the index closes at or above the initial level on any quarterly observation date.

If the notes are not called and the index finishes at or above its initial level, the payout at maturity will be $14.90 per $10 principal amount.

If the index finishes below the initial level but above the 80% downside threshold level, the payout will be par. Otherwise, investors will be fully exposed to the losses.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Autocallable securities
Underlying index:	Euro Stoxx 50
Amount:	$2,750,500
Maturity:	April 30, 2021
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If notes are not called and index finishes at or above initial level, $14.90 per $10 principal amount; if index falls by up to 20%, par; otherwise, full exposure to losses
Call:	Automatically at par plus 9.8% per year if index closes at or above initial level on any quarterly observation date
Initial index level:	3,121.29
Downside threshold level:	2,497.03, 80% of initial level
Pricing date:	April 26
Settlement date:	April 29
Agent:	HSBC Securities (USA) Inc.
Fees:	3.3%
Cusip:	40434N291

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