New Issue: HSBC sells $250,000 autocallable barrier notes with step-up premium on ETFs

By Kiku Steinfeld

Chicago, June 8 – HSBC USA Inc. priced $250,000 of 0% autocallable barrier notes with step-up premium due Nov. 22, 2024 linked to the lesser performing of the VanEck Vectors Gold Miners ETF and the Energy Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus a call premium if each ETF closes at or above its initial level on any biannual call date after one year. The premium is 14% per year.

If the notes are not called, the payout will be par unless either ETF finishes below its 60% barrier level, in which case investors will lose 1% for each 1% decline of the least-performing fund from its initial level.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Autocallable barrier notes with step-up premium
Underlying funds:	VanEck Vectors Gold Miners ETF, Energy Select Sector SPDR Fund
Amount:	$250,000
Maturity:	Nov. 22, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par unless either ETF finishes below barrier level, in which case investors will lose 1% for each 1% decline of least-performing fund from its initial level
Call:	At par plus a call premium if each ETF closes at or above its initial level on any biannual call date after one year; premium is 14% per year
Initial asset levels:	$34.56 for Gold, $57.23 for Energy
Barrier levels:	$20.736 for Gold, $34.338 for Energy; 60% of initial levels
Pricing date:	Nov. 17, 2021
Settlement date:	Nov. 22, 2021
Agent:	HSBC Securities (USA) Inc.
Fees:	1.5%
Cusip:	40439JSR7

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