HSBC plans 7%-8% contingent market-linked autocalls on indexes

By Susanna Moon

Chicago, June 13 – HSBC USA Inc. plans to price market-linked securities due June 29, 2022 – autocallable with contingent coupon and contingent downside linked to the least performing of the S&P 500 index, the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annual rate of 7% to 8% if each index closes at or above its 70% coupon threshold on the observation date for that month.

The notes will be called at par if each index closes at or above its initial level on any quarterly observation date from December 2018 to March 2022.

The payout at maturity will be par unless any underlying index finishes below its 70% downside threshold, in which case the payout will be par plus the return of the worst performing index with full exposure to any losses.

HSBC Securities (USA) Inc. and Wells Fargo Securities, LLC are the agents.

The notes will price on June 21.

The Cusip number is 40435FG92.

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