New Issue: HSBC prices $312,000 8.9% autocallable yield notes tied to S&P, Russell

By Susanna Moon

Chicago, Jan. 29 – HSBC USA Inc. priced $312,000 of 8.9% autocallable yield notes due May 1, 2017 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The notes will be called at par if each index closes at or above its initial level on any review date.

The payout at maturity will be par unless either index closes below its trigger level, 75% of its initial level, during the life of the notes and any index finishes below its initial level, in which case investors will be fully exposed any losses of the worse performing index.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Autocallable yield notes
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$312,000
Maturity:	May 1, 2017
Coupon:	8.9%, payable monthly
Price:	Par
Payout at maturity:	Par unless either index ever closes below 75% trigger level and return of worse performing index is negative, in which case full exposure to any losses of worse performing index
Call:	At par if each index closes at or above initial level on any quarterly call observation date
Initial levels:	1,903.63 for S&P, 1,017.974 for Russell
Trigger levels:	75% of initial levels
Pricing date:	Jan. 26
Settlement date:	Jan. 29
Agent:	HSBC Securities (USA) Inc.
Fees:	None
Cusip:	40433UFL5

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