New Issue: HSBC sells $87,000 autocallable barrier notes with step-up premium on S&P, Russell, Nasdaq

By Wendy Van Sickle

Columbus, Ohio, July 23 – HSBC USA Inc. priced $87,000 of 0% autocallable barrier notes with step-up premium due June 3, 2024 linked to the lesser performing of the Nasdaq-100 index, the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus a 8.85% annualized call premium if each index closes at or above its initial level on any annual observation date.

If the notes are not called, the payout will be par unless any index has finished below its 65% barrier level, in which case investors will lose 1% for each 1% decline of the least-performing index from its initial level.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Autocallable barrier notes with step-up premium
Underlying indexes:	Nasdaq-100, S&P 500 and Russell 2000
Amount:	$87,000
Maturity:	June 3, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par unless any index has finished below barrier level, in which case investors will lose 1% for each 1% decline of least-performing index from its initial level
Call:	At par plus 8.85% annualized call premium if each index closes at or above its initial level on any annual observation date
Initial index levels:	13,657.85 for Nasdaq, 4,200.88 for S&P, 2,273.073 for Russell
Barrier levels:	8,877.6025 for Nasdaq, 2,730.572 for S&P, 1,477.49745 for Russell; 65% of initial levels
Pricing date:	May 27
Settlement date:	June 2
Agent:	HSBC Securities (USA) Inc.
Fees:	0.5%
Cusip:	40438C7L9

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