HSBC plans 6.5% 18-month yield autocallables tied to S&P 500, Russell

By Susanna Moon

Chicago, Sept. 7 – HSBC USA Inc. plans to price 6.5% autocallable yield notes due March 29, 2018 linked to the S&P 500 index and the Russell 2000 index, according to an FWP 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 quarterly call observation date beginning Sept. 26, 2017.

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

HSBC Securities (USA) Inc. is the agent.

The notes will price on Sept. 27 and settle on Sept. 30.

The Cusip number is 40433UUX2.

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