New Issue: HSBC sells $6.4 million 8.2% autocallable yield notes tied to S&P, Russell

By William Gullotti

Buffalo, N.Y., June 8 – HSBC USA Inc. priced $6.4 million of 8.2% autocallable yield notes due Dec. 7, 2023 linked to the performance of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable semiannually.

The notes will be called at par if each index closes at or above its initial level on any semiannual call date.

The payout at maturity will be par unless any index finishes below its 80% trigger level, in which case investors will lose 1.25% for every 1% decline of the worst performer below 20%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Autocallable yield notes
Underlying assets:	S&P 500 index, Russell 2000 index
Amount:	$6.4 million
Maturity:	Dec. 7, 2023
Coupon:	8.2%, payable semiannually
Price:	Par
Payout at maturity:	Par unless any index finishes below its 80% trigger level, in which case 1.25% loss for every 1% decline of the worst performer beyond 20%
Call:	Automatically at par if each index closes at or above initial level on any semiannual call date
Initial levels:	4,101.23 for S&P, 1,854.824 for Russell
Trigger levels:	80% of initial levels
Strike date:	June 1
Pricing date:	June 2
Settlement date:	June 7
Agent:	HSBC Securities (USA) Inc.
Fees:	0.375%
Cusip:	40441XAK6

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