New Issue: HSBC prices $709,000 6% autocallable yield notes linked to S&P 500, Russell 2000

By Angela McDaniels

Tacoma, Wash., Oct. 30 – HSBC USA Inc. priced $709,000 of 6% autocallable yield notes due Jan. 30, 2017 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.

Beginning April 27, 2016, the notes will be called at par if each index closes at or above its initial level on any quarterly call observation date.

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 lose 1% for every 1% that the worst-performing index finishes below its initial level.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Autocallable yield notes
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$709,000
Maturity:	Jan. 30, 2017
Coupon:	6%, payable monthly
Price:	Par
Payout at maturity:	Par unless either index closes below 80% trigger level during life of notes and return of worst-performing index is negative, in which case 1% loss for every 1% that worst-performing index finishes below initial level
Call:	Automatically at par if both indexes close at or above their initial levels on any quarterly call observation date beginning April 27, 2016
Initial index levels:	2,065.89 for S&P 500 and 1,145.291 for Russell 2000
Pricing date:	Oct. 27
Settlement date:	Oct. 30
Agent:	HSBC Securities (USA) Inc.
Fees:	1.25%
Cusip:	40433UAU0

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