New Issue: HSBC sells $4.9 million autocallable yield notes on Nasdaq, Russell

By Kiku Steinfeld

Chicago, Jan. 10 – HSBC USA Inc. priced $4.9 million of autocallable yield notes due May 16, 2023 linked to the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The interest rate will be 5.25% per year, and interest will be 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 either index finishes below its buffer level, 80% of its initial level, in which case investors will lose 1.25% for every 1% that the least-performing index finishes falls by more than 20%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Autocallable yield notes
Underlying indexes:	Nasdaq-100 and Russell 2000
Amount:	$4,895,000
Maturity:	May 16, 2023
Coupon:	5.25% annual rate, payable semiannually
Price:	Par
Payout at maturity:	Par unless either index finishes below buffer level, in which case 1.25% loss for every 1% that the least-performing index finishes falls by more than 20%
Call:	At par if each index closes at or above the initial level on any semiannual call date
Initial levels:	16,219.94 for Nasdaq-100, 2,427.292 for Russell
Buffer levels:	12,975.952 for Nasdaq-100, 1,941.8336 for Russell, 80% of initial levels
Pricing date:	Nov. 9
Settlement date:	Nov. 16
Agent:	HSBC Securities (USA) Inc.
Fees:	0.05%
Cusip:	40439JSN6

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