New Issue: HSBC sells $740,000 autocallable barrier notes with step-up premium on Stoxx, Russell

By Kiku Steinfeld

Chicago, July 5 – HSBC USA Inc. priced $740,000 of 0% autocallable barrier notes with step-up premium due Dec. 29, 2025 linked to the lesser performing of the Euro Stoxx 50 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 call premium if each index closes at or above 100% of its initial level on any annual observation date. The premium is 12.4% per year.

The payout will be par unless any index has finished below its 70% 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:	Euro Stoxx 50 and Russell 2000
Amount:	$740,000
Maturity:	Dec. 29, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	Par unless either 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 a call premium if each index closes at or above 100% of its initial level on any annual observation date; premium is 12.4% per year
Initial index levels:	2,221.903 for Russell, 4,217.06 for Stoxx
Barrier levels:	1,555.3321 for Russell, 2,951.942 for Stoxx, 70% of initial levels
Pricing date:	Dec. 22, 2021
Settlement date:	Dec. 28, 2021
Agent:	HSBC Securities (USA) Inc.
Fees:	0%
Cusip:	40439JUV5

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