HSBC to price callable barrier notes with contingent return on indexes

By Marisa Wong

Morgantown, W.Va., Aug. 17 – HSBC USA Inc. plans to price callable barrier notes with contingent return due Aug. 23, 2022 linked to the least performing of the S&P 500 index, Russell 2000 index and Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a quarterly contingent coupon at an annualized rate of at least 8% if each index closes at or above its 70% coupon trigger on the related quarterly observation date.

The notes will be callable at par on any quarterly call date beginning Aug. 23, 2018.

The payout at maturity will be par plus the contingent coupon, if any, unless any index finishes below its 60% barrier level, in which case investors will be fully exposed to any decline of the least performing index.

HSBC Securities (USA) Inc. is the agent.

The notes will price on Aug. 18.

The Cusip number is 40435FEJ2.

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