HSBC to price 0% autocallable barrier notes with step-up premium on three indexes

By Emma Trincal

New York, March 14 – HSBC USA Inc. plans to price 0% autocallable barrier notes with step-up premium due March 20, 2026 linked to the lesser performing of the Nasdaq-100 index, the Dow Jones industrial average and the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

The notes will be called at par plus a 12.64% annual call premium if each index closes at or above its initial level on any quarterly observation date starting on March 15, 2024.

If the notes are not called, the payout will be par unless any index has finished below its 70% barrier level, in which case investors will lose 1% for each 1% decline of the least-performing index from its initial level.

HSBC Securities (USA) Inc. is the agent.

The notes will price on March 15 and settle on March 20.

The Cusip number is 40441XZ94.

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