New Issue: HSBC prices $457,000 5.5% autocallable yield notes linked to S&P 500, Russell 2000

By Toni Weeks

San Luis Obispo, Calif., June 17 – HSBC USA Inc. priced $457,000 of 5.5% autocallable yield notes due Sept. 18, 2015 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes will be called at par if each index closes at or above its initial level on any quarterly call observation date beginning Dec. 18, 2014.

The payout at maturity will be par unless either index closes below its trigger level, 80% of its initial level, on any day during the life of the notes and the return of the worst-performing index is negative, in which case investors will receive par plus the return of the worst-performing index.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Autocallable yield notes
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$457,000
Maturity:	Sept. 18, 2015
Coupon:	5.5%, payable monthly
Price:	Par
Payout at maturity:	Par unless either index falls below trigger level during life of notes and return of worst-performing index is negative, in which case par plus return of worst-performing index
Call:	At par if both indexes close at or above their initial levels on any quarterly call observation date beginning Dec. 18, 2014
Initial index levels:	1,936.16 for S&P 500 and 1,162.685 for Russell 2000
Trigger levels:	80% of initial levels
Pricing date:	June 13
Settlement date:	June 18
Agent:	HSBC Securities (USA) Inc.
Fees:	1.25%
Cusip:	40433BBU1

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