New Issue: HSBC prices $2.36 million autocallable yield notes tied to three stocks

By Kiku Steinfeld

Chicago, Dec. 18 – HSBC USA Inc. priced $2.36 million of autocallable yield notes due Dec. 9, 2020 linked to the worst performing of the common stocks of Facebook, Inc., Amazon.com, Inc. and Bank of America Corp., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a quarterly coupon at an annual rate of 9.75%.

The notes will be called at par plus the coupon if each stock closes at or above its initial price on any quarterly observation date.

The payout at maturity will be par unless any stock finishes below its barrier level, 65% of the initial price, in which case investors will be exposed to any decline of the least performing stock.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Autocallable yield notes
Underlying stocks:	Facebook, Inc., Amazon.com, Inc. and Bank of America Corp.
Amount:	$2,355,000
Maturity:	Dec. 9, 2020
Coupon:	9.75% per year, payable quarterly
Price:	Par
Payout at maturity:	Par unless any stock finishes below barrier level, in which case investors will be exposed to any decline of least performing stock
Call:	Automatically at par plus coupon if each stock closes at or above initial level on any quarterly observation date
Initial prices:	$198.71 for Facebook, $33.15 for BofA, $1,760.69 for Amazon
Barrier levels:	$129.1615 for Facebook, $21.5475 for BofA, $1,144.4485 for Amazon, 65% of initial levels
Pricing date:	Dec. 4
Settlement date:	Dec. 9
Agent:	HSBC Securities (USA) Inc.
Fees:	1%
Cusip:	40435UM84

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