New Issue: HSBC sells $1.6 million autocallable yield notes tied to three indexes

By Devika Patel

Knoxville, Tenn., Feb. 18 – HSBC USA Inc. priced $1.6 million of 6% autocallable yield notes due Feb. 28, 2017 linked to the S&P 500 index, the Euro Stoxx 50 index and the FTSE 100 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

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 55% 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 losses of the worst performing index.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Autocallable yield notes
Underlying indexes:	S&P 500, Euro Stoxx 50 and FTSE 100
Amount:	$1.6 million
Maturity:	Feb. 28, 2017
Coupon:	6%, payable quarterly
Price:	Par
Payout at maturity:	Par unless any index closes below its 55% trigger level on any day during the life of the notes and any index finishes below its initial level, in which case 1% loss for every 1% that worst-performing index finishes below initial level
Call:	Automatically at par if indexes close at or above their initial levels on any quarterly review date
Initial index levels:	1,864.78 for S&P 500, 2,756.16 for Euro Stoxx 50, 5,707.60 for FTSE 100
Pricing date:	Feb. 12
Settlement date:	Feb. 29
Agent:	HSBC Securities (USA) Inc.
Fees:	1%
Cusip:	40433UHS8

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