New Issue: HSBC sells $235,000 autocallable barrier notes with contingent return on indexes

By Wendy Van Sickle

Columbus, Ohio, June 13 – HSBC USA Inc. priced $235,000 of 0% autocallable barrier notes with step-up premium and contingent return feature due June 6, 2022 linked to the least performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus 8.4% a year if each index closes at or above its initial level on any annual observation date.

If the notes are not called, the payout at maturity will be par plus 10% unless either index finishes below its 70% barrier level, in which case investors will lose 1% for each 1% decline of the least performing index from its initial level.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Autocallable barrier notes with step-up premium and contingent return feature
Underlying indexes:	S&P 500, Russell 2000
Amount:	$235,000
Maturity:	June 6, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If notes are not called, par plus 10% unless either index finishes below barrier level, in which case investors will lose 1% for each 1% decline of lesser-performing index from its initial level
Call:	At par plus 8.4% a year if each index closes at or above initial level on any annual observation date
Initial levels:	2,752.06 for S&P, 1,465.487 for Russell
Barrier levels:	1,926.442 for S&P, 1,025.8409 for Russell; 70% of initial levels
Pricing date:	May 31
Settlement date:	June 5
Agent:	HSBC Securities (USA) Inc.
Fees:	0.5%
Cusip:	40435UMH4

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