New Issue: HSBC sells $608,000 autocallable barrier notes with step-up premium on indexes

By Kiku Steinfeld

Chicago, June 15 – HSBC USA Inc. priced $608,000 of 0% autocallable barrier notes with step-up premium due Dec. 2, 2024 linked to the lesser performing of the Nasdaq-100 index, the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus a 10.28% annual call premium if each index closes at or above its initial level on any semiannual observation date.

If the notes are not called, the payout will be par unless any index has finished below its 70% barrier level, in which case investors will lose 1% for each 1% decline of the least-performing index from its initial level.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Autocallable barrier notes with step-up premium
Underlying indexes:	Nasdaq-100 index, Euro Stoxx 50 index, Russell 2000 index
Amount:	$608,000
Maturity:	Dec. 2, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par unless any index finishes below barrier level, in which case investors will lose 1% for each 1% decline of least-performing index from its initial level
Call:	At par plus 10.28% annual call premium if each index closes at or above its initial level on any semiannual observation date
Initial index levels:	16,399.24 for Nasdaq, 4,109.51 for Stoxx, 2,241.976 for Russell
Barrier levels:	11,479.468 for Nasdaq, 2,876.657 for Stoxx, 1,569.3832 for Russell; 70% of initial levels
Pricing date:	Nov. 29, 2021
Settlement date:	Dec. 2, 2021
Agent:	HSBC Securities (USA) Inc.
Fees:	2.5%
Cusip:	40439JTN5

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