HSBC plans autocallable barrier notes on three indexes

By Sarah Lizee

Olympia, Wash., Jan. 13 – HSBC USA Inc. plans to price autocallable barrier notes due Jan. 29, 2026 linked to the least performing of the S&P 500 index, the Russell 2000 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus an annualized premium of at least 10.9% if each index closes at or above its initial level on any annual observation date after one year. The exact call premium will be determined at pricing.

The payout at maturity will be par unless any index finishes negative by more than 25%, in which case investors will be fully exposed to the decline of the worst performing index from its initial level.

HSBC Securities (USA) Inc. is the agent.

The notes will price on Jan. 24.

The Cusip number is 40435U2X1.

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