New Issue: HSBC prices $6.14 million buffered autocallables tied to index, fund

By Susanna Moon

Chicago, Nov. 8 – HSBC USA Inc. priced $6.14 million of autocallable yield notes due May 3, 2019 linked to the lesser performing of the Russell 2000 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus an annual call premium of 9.5% if each component closes at or above its initial level on any semiannual review date.

The payout at maturity will be par unless either underlying component closes below its 80% barrier level, in which case investors will lose 1.25% for each 1% decline of the worse performing index or fund.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered autocallable yield notes
Underlying assets:	Russell 2000 index, iShares MSCI EAFE ETF
Amount:	$6,135,000
Maturity:	May 3, 2019
Coupon:	0%
Price:	Par
Call:	At par plus 9.5% annualized if each index closes above initial level on semiannual observation date
Payout at maturity:	Par plus coupon unless either asset falls by more than 20%, in which case 1.25% loss per 1% decline of worse performing index or fund
Initial levels:	1,502.773 for Russell, $69.63 for fund
Barrier levels:	1,202.2184 for Russell, $55.704 for fund; 80% of initial levels
Pricing date:	Oct. 31
Settlement date:	Nov. 3
Agent:	HSBC Securities (USA) Inc.
Fees:	0.5%
Cusip:	40435FLK1

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