New Issue: HSBC sells $3.82 million autocallables with 85% barrier tied to S&P 500

By Susanna Moon

Chicago, June 10 – HSBC USA Inc. priced $782,000 of 0% autocallable securities due June 3, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus 7.9% per year if the index closes above initial level on annual call observation date

The payout at maturity will be par unless the index finishes below the 85% barrier level, in which case investors will be fully exposed to any losses.

HSBC Securities (USA) Inc. is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Autocallable securities
Underlying index:	S&P 500
Amount:	$3,822,000
Maturity:	June 3, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par unless index falls by more than 15%, in which case full exposure to any losses
Call:	At par plus 7.9% per year if index closes above initial level on June 1, 2017, May 31, 2018, May 31, 2019 or May 29, 2020
Initial level:	2,096.96
Barrier level:	1,782.42, 85% of initial level
Pricing date:	May 31
Settlement date:	June 3
Underwriter:	HSBC Securities (USA) Inc.
Fees:	0.25%
Cusip:	40434V871

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