New Issue: HSBC sells $228,000 autocallable notes with contingent return on indexes

By Marisa Wong

Morgantown, W.Va., Aug. 31 – HSBC USA Inc. priced $228,000 of 0% autocallable notes with contingent return due Sept. 3, 2019 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus an annualized call premium of 10% if each component closes at or above the initial level on any annual call observation date.

The payout at maturity will be par plus a 10% contingent return payment unless either index finishes below its 70% trigger level, in which case investors will be fully exposed to any losses of the worst performing component.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Autocallable notes with contingent return
Underlying indexes:	S&P 500, Russell 2000
Amount:	$228,000
Maturity:	Sept. 3, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus a 10% contingent return payment unless either index finishes below its trigger level, in which case investors will be fully exposed to any losses of the worst performing component
Call:	At par plus an annualized call premium of 10% if each component closes at or above the initial level on any annual call observation date
Initial levels:	1,940.51 for S&P 500 and 1,132.188 for Russell
Trigger levels:	1,358.36 for S&P 500 and 792.532 for Russell; 70% of initial levels
Pricing date:	Aug. 26
Settlement date:	Aug. 31
Agent:	HSBC Securities (USA) Inc.
Fees:	2.625%
Cusip:	40433B5X2

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