New Issue: HSBC prices $850,000 floating-rate yield notes linked to S&P, Russell

By Angela McDaniels

Tacoma, Wash., Dec. 7 – HSBC USA Inc. priced $850,000 of floating-rate yield notes due Dec. 7, 2026 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The interest rate is Libor plus 350 basis points. Interest is payable quarterly.

The payout will be par unless either index finishes below its trigger level, 50% of its initial level, in which case investors will lose 1% for every 1% that the lesser-performing index declines from its initial level.

HSBC Securities (USA) Inc. is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Floating-rate yield notes
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$850,000
Maturity:	Dec. 7, 2026
Coupon:	Libor plus 350 bps, payable quarterly
Price:	Par
Payout at maturity:	Par unless either index finishes below 50% of initial level, in which case 1% loss for every 1% that lesser-performing index declines from initial level
Initial level:	2,191.95 for S&P 500 and 1,314.253 for Russell 2000
Pricing date:	Dec. 2
Settlement date:	Dec. 7
Underwriter:	HSBC Securities (USA) Inc.
Fees:	1.5%
Cusip:	40433UD94

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