By Wendy Van Sickle
Columbus, Ohio, April 16 – HSBC USA Inc. priced $1.26 million of 0% autocallable notes due April 15, 2027 linked to the Russell 2000 index, according to a 424B2 filing with the Notes and Exchange Commission.
The notes will be called at par of $10 plus a premium of 12.8% per year if the index closes at or above the initial level on any annual observation date.
If the notes are not called and the index finishes at or above its initial level, the payout at maturity will be par plus 38.4%.
Investors will be fully exposed to any index decline.
HSBC Securities (USA) Inc. and UBS Financial Services Inc. are the agents.
| Issuer: | HSBC USA Inc.
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| Issue: | Autocallable notes
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| Underlying index: | Russell 2000 index
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| Amount: | $1.26 million
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| Maturity: | April 15, 2027
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If notes are not called and index finishes at or above initial level, par plus 38.4%; otherwise, full exposure to losses
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| Call: | Automatically at par plus 12.8% per year if index closes at or above initial level on any annual observation date
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| Initial index level: | 2,042.604
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| Trade date: | April 11
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| Settlement date: | April 16
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| Agents: | HSBC Securities (USA) Inc. and UBS Financial Services Inc.
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| Fees: | 2%
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| Cusip: | 40443V706
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