New Issue: HSBC sells $6.54 million 7.25% autocallable yield notes tied to Nasdaq, Russell

By William Gullotti

Buffalo, N.Y., Jan. 18 – HSBC USA Inc. priced $6.54 million of 7.25% autocallable yield notes due July 17, 2025 linked to the performance of the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable semiannually.

The notes will be called at par if each index closes at or above its initial level on any semiannual call date.

The payout at maturity will be par unless any index finishes below its 75% trigger level, in which case investors will lose 1.3333% for every 1% decline of the worst performer below 25%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Autocallable yield notes
Underlying assets:	Nasdaq-100 index, Russell 2000 index
Amount:	$6,535,000
Maturity:	July 17, 2025
Coupon:	7.25%, payable semiannually
Price:	Par
Payout at maturity:	Par unless any index finishes below its 75% trigger level, in which case 1.3333% loss for every 1% decline of the worst performer beyond 25%
Call:	Automatically at par if each index closes at or above initial level on any semiannual call date
Initial levels:	16,678.71 for Nasdaq, 1,968.035 for Russell
Trigger levels:	12,509.0325 for Nasdaq, 1,476.02625 for Russell; 75% of initial levels
Strike date:	Jan. 9
Pricing date:	Jan. 11
Settlement date:	Jan. 17
Agent:	HSBC Securities (USA) Inc.
Fees:	0.15%
Cusip:	40447AWS9

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