New Issue: HSBC prices $3.68 million trigger autocallables linked to Euro Stoxx

By Marisa Wong

Madison, Wis., May 31 - HSBC USA Inc. priced $3.68 million of 0% trigger autocallable optimization securities due May 31, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

Beginning on June 2, 2014, the notes will be automatically called at par of $10 plus a call return of 9% per year if the index closes at or above the initial index level on any quarterly observation date.

If the notes are not called and the index finishes at or above the trigger level, 65% of the initial level, the payout at maturity will be par. Otherwise, investors will be exposed to the index's decline from its initial level.

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

Issuer:	HSBC USA Inc.
Issue:	Trigger autocallable optimization securities
Underlying index:	Euro Stoxx 50
Amount:	$3,684,880
Maturity:	May 31, 2018
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par if index finishes at or above trigger price; otherwise, full exposure to index decline
Call:	Beginning on June 2, 2014, automatically at par plus 9% per year if index closes at or above initial level on any quarterly observation date
Initial index level:	2,786.54
Trigger level:	1,811.25, 65% of initial share price
Pricing date:	May 29
Settlement date:	May 31
Underwriter:	HSBC Securities (USA) Inc.
Agent:	UBS Financial Services Inc.
Fees:	2.5%
Cusip:	40433X670

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