New Issue: HSBC prices $6.13 million 5% autocallable fixed-coupon notes on S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, Feb. 11 – HSBC USA Inc. priced $6.13 million 5% autocallable fixed-coupon notes due Aug. 5, 2021 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.

Interest is payable semiannually.

The notes will be automatically called at par plus the coupon if each index closes at or above its initial level on any semiannual call observation date.

If the notes are not subject to an automatic call, the payout at maturity will be par unless any index finishes below the 80% buffer level. In that case, investors will lose 1.25% for each 1% decline of the least-performing index beyond 20%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Autocallable fixed-coupon notes
Underlying indexes:	S&P 500, Russell 2000
Amount:	$6,131,000
Maturity:	Aug. 5, 2021
Coupon:	5%, payable semiannually
Price:	Par
Call:	At par plus the coupon if each index closes at or above its initial level on any semiannual call observation date
Payout at maturity:	Par unless either index finishes below the 80% buffer level, in which case 1.25% loss for each 1% decline of the least-performing index beyond 20%
Initial levels:	3,225.52 for S&P and 1,614.061 for Russell
Pricing date:	Jan. 31
Settlement date:	Feb. 5
Underwriter:	HSBC Securities (USA) Inc.
Fees:	0.5%
Cusip:	40435U5M2

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