HSBC plans 8% contingent income autocalls tied to three indexes

By Susanna Moon

Chicago, March 5 – HSBC USA Inc. plans to price autocallable contingent income barrier securities due March 29, 2029 linked to the worst performing of the Russell 2000 index, the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annualized rate of at least 8% if each underlying index closes at or above the 70% coupon barrier on the determination date for that quarter.

The notes will be called at par plus the contingent coupon if each index closes at or above its initial level on any quarterly observation date after one year.

The payout at maturity will be par unless any index finishes below its 70% trigger level, in which case investors will lose 1% for each 1% decline of the worst performing index.

HSBC Securities (USA) Inc. is the underwriter.

The notes will price on March 26.

The Cusip number is 40435UJD7.

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