New Issue: HSBC sells $4.14 million 8.05% airbag autocallable yield notes on Goldman Sachs

By Taylor Fox

New York, Sept. 14 – HSBC USA Inc. priced $4.14 million of 8.05% airbag autocallable yield notes due Sept. 2, 2021 linked to the common stock of Goldman Sachs Group, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The notes will be called at par if the shares close at or above their initial level on any quarterly observation date.

The payout at maturity will be par unless the final share price is less than the 85% conversion price, in which case investors will receive 5.5982 shares of Goldman stock per note.

HSBC Securities (USA) Inc. is the underwriter with UBS Financial Services Inc. as agent.

Issuer:	HSBC USA Inc.
Issue:	Airbag autocallable yield notes
Underlying stock:	Goldman Sachs Group, Inc.
Amount:	$4,142,000
Maturity:	Sept. 2, 2021
Coupon:	8.05%, payable monthly
Price:	Par
Payout at maturity:	If final share price is less than conversion price, 5.5982 shares of Goldman stock per note; otherwise, par
Call:	Automatically at par if shares close at or above initial level on any quarterly observation date
Initial share price:	$210.15
Conversion price:	$178.63, 85% of initial price
Pricing date:	Aug. 27
Settlement date:	Aug. 31
Underwriter:	HSBC Securities (USA) Inc.
Agent:	UBS Investment Bank
Fees:	1.5%
Cusip:	40438Q100

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