New Issue: HSBC sells $243,000 autocallable growth barrier notes tied to S&P 500

By Wendy Van Sickle

Columbus, Ohio, June 30 – HSBC USA Inc. priced $243,000 of 0% autocallable growth barrier notes due June 28, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called at 112.5% of par if the index’s closing level on June 28, 2017 is greater than 110% of the initial index level.

If the notes are not called and the index return is greater than zero, the payout at maturity will be par plus 125% of the index return. If the index return is less than or equal to zero but greater than or equal to negative 25%, the payout will be par. If the return is less than negative 25%, investors will suffer a loss proportionate to the index’s decline.

HSBC Securities (USA) Inc. is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Autocallable growth barrier notes
Underlying index:	S&P 500
Amount:	$243,000
Maturity:	June 28, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is greater than zero, par plus 125% of index return; if index return is less than or equal to zero but greater than or equal to negative 25%, par; if return is less than negative 25%, full exposure to index’s decline
Call:	Automatically at 112.5% of par if index’s closing level on June 28, 2017 is greater than 2,200.59 (110% of initial index level)
Initial level:	2,000.54
Pricing date:	June 27
Settlement date:	June 30
Underwriter:	HSBC Securities (USA) Inc.
Fees:	None
Cusip:	40433UPA8

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