New Issue: HSBC prices $600,000 two-year return autocallables tied to Stoxx Banks

By Susanna Moon

Chicago, Jan. 16 – HSBC USA Inc. priced $600,000 of 0% autocallable return notes due Jan. 23, 2020 linked to the Euro Stoxx Banks index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus an annual call premium of 15.8% if the index closes at or above its initial level on any annual call date.

If the notes are not called, the payout at maturity will be par unless the index finishes below its 75% trigger level, in which case investors will be fully exposed to any losses.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Autocallable return notes
Underlying index:	Euro Stoxx Banks
Amount:	$600,000
Maturity:	Jan. 23, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par unless index finishes below trigger, in which case 1% loss per 1% decline
Call:	At par plus call premium of 15.8% if each component closes at or above the initial level on any annual call date
Initial level:	140.13
Barrier level:	105.0975, 75% of initial level
Pricing date:	Jan. 19
Settlement date:	Jan. 24
Agent:	HSBC Securities (USA) Inc.
Fees:	1.5%
Cusip:	40435FRT6

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