New Issue: HSBC sells $887,000 autocallable notes with step-up premium on two indexes

By Kiku Steinfeld

Chicago, April 10 – HSBC USA Inc. priced $887,000 of 0% autocallable notes with step-up premium due Dec. 22, 2025 linked to the lesser performing of the S&P 500 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 8.6% annual call premium if each index closes at or above its initial level on any annual observation date.

If the notes are not called, the payout will be par.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Autocallable notes with step-up premium
Underlying indexes:	S&P 500 index, Russell 2000 index
Amount:	$887,000
Maturity:	Dec. 22, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If notes are not called, par
Call:	At par plus 8.6% annual call premium if each index closes at or above its initial level on any annual observation date
Initial index levels:	3,852.36 for S&P, 1,763.42 for Russell
Pricing date:	Dec. 16
Settlement date:	Dec. 21
Agent:	HSBC Securities (USA) Inc.
Fees:	None
Cusip:	40441XYC8

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