New Issue: HSBC sells $62,000 autocallable barrier notes with step-down call level on index, ETF

By Sarah Lizee

Olympia, Wash., Jan. 23 – HSBC USA Inc. priced $62,000 of 0% autocallable barrier notes with step-down call threshold feature due Jan. 25, 2023 linked to the least performing of the iShares MSCI Emerging Markets ETF the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus a 12% annualized premium if each asset closes at or above its call level on any annual observation date after one year. The call level will be 100% of the initial level on the first through third observation dates and 70% of the initial level on the final observation date.

The payout at maturity will be par plus the return of the least-performing asset.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Autocallable barrier notes with step-down call threshold feature
Underlying indexes:	iShares MSCI Emerging Markets ETF the Euro Stoxx 50 index
Amount:	$62,000
Maturity:	Jan. 25, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus return of least-performing index
Call:	At par plus 12% annualized premium if each index closes at or above initial level on first through third annual observation date and 70% of initial level on final observation date
Initial index levels:	3,134.92 for index, $41.55 for ETF
Trigger levels:	2,194.444 for index, $29.085 for ETF; 70% of initial levels
Pricing date:	Jan. 18
Settlement date:	Jan. 25
Agent:	HSBC Securities (USA) Inc.
Fees:	None
Cusip:	40435UCT9

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