New Issue: HSBC prices $3.78 million autocallables linked to Euro Stoxx 50

By Angela McDaniels

Tacoma, Wash., May 15 – HSBC USA Inc. priced $3.78 million of 0% autocallable securities due May 10, 2022 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 plus a premium of 11.1% per year if the index closes at or above its initial level on any of five annual determination dates.

If the final index level is greater than or equal to the initial share price, the payout at maturity will be par plus 55.5%. Investors will receive par if the index falls by 25% or less. If the index declines by more than 25%, investors will have one-to-one exposure to the index’s decline from its initial level.

HSBC Securities (USA) Inc. is the agent. Distribution is through Morgan Stanley Wealth Management.

Issuer:	HSBC USA Inc.
Issue:	Autocallable securities
Underlying index:	Euro Stoxx 50
Amount:	$3,775,000
Maturity:	May 10, 2022
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If final index level is greater than or equal to initial share price, par plus 55.5%; par if index falls by 25% or less; if index declines by more than 25%, one-to-one exposure to index’s decline from initial level
Call:	At par plus 11.1% per year if index closes at or above initial share price on May 11, 2018, May 6, 2019, May 5, 2020, May 5, 2021 or May 5, 2022
Initial index level:	3,658.79
Downside threshold:	2,744.09, 75% of initial level
Pricing date:	May 5
Settlement date:	May 10
Agent:	HSBC Securities (USA) Inc.
Distribution:	Morgan Stanley Wealth Management
Fees:	3%
Cusip:	40433U5F9

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