HSBC plans 6% autocallable yield notes tied to S&P 500, Stoxx, Nikkei

By Susanna Moon

Chicago, June 8 – HSBC USA Inc. plans to price 6% autocallable yield notes due June 2017 linked to the S&P 500 index, Euro Stoxx 50 index and the Nikkei 225 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 September 2016.

The payout at maturity will be par unless any index ever closes below its 65% trigger level on any day during the life of the notes and any index finishes below its initial level, in which case investors will be fully exposed to any losses of the worst performing index.

HSBC Securities (USA) Inc. is the agent.

The notes will price and settle in June.

The Cusip number is 40433UPH3.

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