HSBC plans five-year autocallable notes linked to Euro Stoxx 50

By Susanna Moon

Chicago, Jan. 26 – HSBC USA Inc. plans to price 0% autocallable securities due Feb. 18, 2022 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.

The notes will be called at par plus a premium of 13.45% if the underlying index closes at or above its initial level on any annual call date.

If the index finishes at or above its initial level, the payout at maturity will be $1,672.50 for each $1,000 principal amount.

Investors will receive par if the index falls by up to 15% and will be fully exposed to any losses if the index finishes below the 85% downside threshold.

HSBC Securities (USA) Inc. is the underwriter.

The notes will price on Feb. 15 and settle on Feb. 21.

The Cusip number is 40433UM60.

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