New Issue: HSBC prices $5.37 million trigger autocallable notes linked to S&P

By Wendy Van Sickle

Columbus, Ohio, July 31 – HSBC USA Inc. priced $5.37 million of 0% trigger autocallable notes due Aug. 2, 2022 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus 12% per year if the index closes at or above its initial level on any quarterly observation date after six months.

The payout at maturity will be par unless the index finishes below the downside threshold, 75% of the initial level, in which case investors will lose 1% for each 1% decline of the index from its initial level.

HSBC Securities (USA) Inc. and UBS Financial Services Inc. are the agents.

Issuer:	HSBC USA Inc.
Issue:	Trigger autocallable notes
Underlying index:	S&P 500
Amount:	$5,367,840
Maturity:	Aug. 2, 2022
Coupon:	0%
Price:	Par of $10
Call:	After six months, at par plus 12% per year if index closes at or above initial level on any quarterly observation date
Payout at maturity:	Par unless index finishes below downside threshold, in which case 1% loss for each 1% decline of index from initial level
Initial level:	3,218.44
Downside threshold:	2,413.83, 75% of initial level
Pricing date:	July 28
Settlement date:	July 31
Agents:	HSBC Securities (USA) Inc. and UBS Financial Services Inc.
Fees:	1.5%
Cusip:	40438J361

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