HSBC to price autocallable return notes linked to Euro Stoxx 50

By Marisa Wong

Morgantown, W.Va., July 6 – HSBC USA Inc. plans to price 0% autocallable return notes due July 10, 2020 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.

The notes will be automatically called if the index closes at or above its initial level on July 20, 2018, June 25, 2019 or July 7, 2020. The redemption price is par plus a call premium of 12.5%, 25% or 37.5%, respectively.

If the notes are not called, the payout at maturity will be par unless the index finishes below the 80% trigger level, in which case investors will be fully exposed to the decline.

HSBC Securities (USA) Inc. is the underwriter with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as placement agents.

The notes will price July 7.

The Cusip number is 40435FCD7.

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