HSBC plans 6% 12-month autocallable yield notes tied to three indexes

By Susanna Moon

Chicago, Feb. 9 – HSBC USA Inc. plans to price 6% autocallable yield notes due Aug. 29, 2017 linked to the S&P 500 index, the Euro Stoxx 50 index and the FTSE 100 index, according to an FWP with the Securities and Exchange Commission.

Interest is payable quarterly, with the exact percentage to be set at pricing.

The notes will be called at par if each index closes at or above its initial level on any quarterly review date.

The payout at maturity will be par unless any index closes below its 60% trigger level on any day during the life of the notes and any index finishes below its initial level, in which case investors will be fully exposed to the any losses of the worst performing index.

HSBC Securities (USA) Inc. is the agent.

The notes will price and settle in February.

The Cusip number is 40433UHS8.

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