HSBC plans 6% 15-month yield autocallables tied to Stoxx 50, Russell

By Susanna Moon

Chicago, Jan. 5 – HSBC USA Inc. plans to price 6% autocallable yield notes due May 6, 2019 linked to the least performing of the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable monthly, with the exact rate to be set at pricing.

The notes will be called at par if each index closes at or above its initial level on any quarterly call observation date beginning Aug. 1, 2018.

The payout at maturity will be par unless either index ever closes below its 70% trigger level during the life of the notes, in which case investors will be fully exposed to any losses of the worse performing index.

HSBC Securities (USA) Inc. is the agent.

The notes will price on Jan. 31 and settle on Feb. 5.

The Cusip number is 40435FQS9.

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