New Issue: HSBC sells $723,000 autocallable barrier notes on S&P, Russell, Nasdaq

By Wendy Van Sickle

Columbus, Ohio, Dec. 23 – HSBC USA Inc. priced $723,000 of 0% autocallable barrier notes due Dec. 20, 2024 linked to the S&P 500 index, the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus an 8.5% annualized premium if each index on any annual call date.

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

The payout at maturity will be par unless any underlying falls by more than 30%, in which case investors will be fully exposed to the decline of the worst performer.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Autocallable barrier notes
Underlying assets:	S&P 500 index, Russell 2000 index and Nasdaq-100 index
Amount:	$723,000
Maturity:	Dec. 20, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par unless any underlying falls by more than 30%, in which case full exposure to the decline of the worst performer
Call:	Automatically at par plus 8.5% a year if each underlying index closes at or above its initial level on any annual observation date
Initial levels:	3,192.52 for S&P, 1,657.564 for Russell and 8,575.7 for Nasdaq
Barrier levels:	2,234.764 for S&P, 1,160.2948 for Russell and 6,002.99 for Nasdaq; 70% of initial levels
Pricing date:	Dec. 17
Settlement date:	Dec. 20
Underwriter:	HSBC Securities (USA) Inc.
Fees:	3.625%
Cusip:	40435UV68

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