HSBC plans 9.6% yield autocallables tied to Market Vectors Gold Miners

By Susanna Moon

Chicago, Jan. 26 – HSBC USA Inc. plans to price 9.6% autocallable yield notes due Feb. 28, 2018 linked to the Russell 2000 index and the Market Vectors Gold Miners exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

Interest will be payable monthly, with the exact rate to be set at pricing.

The notes will be called at par if the fund closes at or above its initial level on any quarterly call observation date beginning in April 2017.

The payout at maturity will be par unless the fund finishes below its 70% trigger level, in which case investors will be fully exposed to any losses.

HSBC Securities (USA) Inc. is the agent.

The notes will price in January and settle in February.

The Cusip number is 40435C484.

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