New Issue: HSBC prices $9.2 million autocallable barrier notes on indexes

By Wendy Van Sickle

Columbus, Ohio, July 10 – HSBC USA Inc. priced $9.2 million of autocallable barrier notes due June 28, 2023 linked to the lesser performing of the Euro Stoxx 50 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus a 10% annualized call premium if each index closes above its initial level on any quarterly observation date.

The payout will be par unless each index has finished below its 65% barrier level, in which case investors will lose 1% for each 1% decline of the lesser-performing index from its initial level.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Autocallable barrier notes
Underlying indexes:	Euro Stoxx 50 and Dow Jones industrial average
Amount:	$9,196,000
Maturity:	June 28, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par unless either index has finished below barrier level, in which case investors will lose 1% for each 1% decline of lesser-performing index from its initial level
Call:	At par plus 10% annualized premium if each index closes at or above initial level on any quarterly observation date
Initial index levels:	3,369.21 for Stoxx, 24,252.8 for Dow
Barriers:	2,189.9865 for Stoxx, 15,764.32 for Dow; 65% of initial levels
Pricing date:	June 25
Settlement date:	June 28
Agent:	HSBC Securities (USA) Inc.
Fees:	2.85%
Cusip:	40435FH75

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