New Issue: HSBC prices $12.91 million 9.15% trigger callable yield notes linked to Stoxx, Russell

By Wendy Van Sickle

Columbus, Ohio, April 8 – HSBC USA Inc. priced $12.91 million of 9.15% trigger callable yield notes due July 9, 2025 linked to the least performing of the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes are callable at par on any coupon payment date after three months.

The payout at maturity will be par of $10 unless any index finishes below its 65% trigger level, in which case investors will be fully exposed to any losses of the worst performing index.

UBS Financial Services Inc. and HSBC Securities (USA) Inc. are the agents.

Issuer:	HSBC USA Inc.
Issue:	Trigger callable yield notes
Underlying indexes:	Euro Stoxx 50 index, Russell 2000 index
Amount:	$12,911,230
Maturity:	July 9, 2025
Coupon:	9.15%, payable monthly
Price:	Par of $10
Payout at maturity:	If each index finishes at or above trigger level, par; otherwise, full exposure to the decline of the worst performer from its initial level
Call option:	At par on any coupon payment date after three months
Initial levels:	5,069.25 for Stoxx, 2,076.203 for Russell
Trigger levels:	3,295.01 for Stoxx, 1,349.532 for Russell; 65% of initial levels
Pricing date:	April 3
Settlement date:	April 8
Agents:	UBS Financial Services Inc. and HSBC Securities (USA) Inc.
Fees:	None
Cusip:	40443V508

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