New Issue: HSBC prices $152,000 autocallable barrier notes linked to S&P, Russell

By Angela McDaniels

Tacoma, Wash., Aug. 8 – HSBC USA Inc. priced $152,000 of 0% autocallable barrier notes with step-up premium and contingent return feature due July 31, 2023 linked to the lesser 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 a call premium of 6.6% per year if each index closes at or above its initial level on any annual observation date.

The payout at maturity will be par plus 10% unless either index finishes below its barrier level, 70% of its initial level, in which case investors will lose 1% for each 1% decline of the lesser-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
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$152,000
Maturity:	July 31, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 10% unless either index finishes below barrier level, in which case 1% loss for every 1% decline of lesser-performing index from initial level
Call:	Automatically at par plus call premium of 6.6% per year if each index closes at or above initial level on any annual observation date
Initial levels:	3,025.86 for S&P 500 and 1,578.967 for Russell 2000
Barrier levels:	2,118.102 for S&P 500 and 1,105.2769 for Russell 2000, or 70% of initial levels
Pricing date:	July 26
Settlement date:	July 31
Agent:	HSBC Securities (USA) Inc.
Fees:	3.25%
Cusip:	40435URC0

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