By Wendy Van Sickle
Columbus, Ohio, Feb. 7 – HSBC USA Inc. priced $2.86 million of 0% autocallable notes due Feb. 3, 2027 linked to the S&P 500 index, according to a 424B2 filing with the Notes and Exchange Commission.
The notes will be called at par of $10 plus a premium of 9.65% per year if the index closes at or above the initial level on any annual observation date.
If the notes are not called and the index finishes at or above its initial level, the payout at maturity will be par plus 28.95%.
Investors will be fully exposed to any index decline.
HSBC Securities (USA) Inc. and UBS Financial Services Inc. are the agents.
| Issuer: | HSBC USA Inc.
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| Issue: | Autocallable notes
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| Underlying index: | S&P 500 index
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| Amount: | $2.86 million
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| Maturity: | Feb. 3, 2027
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If notes are not called and index finishes at or above initial level, par plus 28.95%; otherwise, full exposure to losses
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| Call: | Automatically at par plus 9.65% per year if index closes at or above initial level on any annual observation date
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| Initial index level: | 4,924.97
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| Pricing date: | Jan. 30
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| Trade date | Feb. 1
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| Settlement date: | Feb. 6
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| Agents: | HSBC Securities (USA) Inc. and UBS Financial Services Inc.
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| Fees: | 2%
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| Cusip: | 40443B239
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