By Wendy Van Sickle
Columbus, Ohio, Sept. 20 – HSBC USA Inc. priced $1 million of autocallable contingent income barrier notes due Sept. 21, 2026 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a semiannual contingent coupon at a rate of 11% per year if the index closes at or above the barrier, 85% of the initial level, on the coupon observation date for that period.
The notes will be automatically called at par plus the contingent coupon if the index closes at or above the initial level on any coupon observation date.
The payout at maturity will be par plus the final contingent interest payment, if any, unless the final index level is less than the barrier level, in which case investors will be fully exposed to the index’s decline.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | Autocallable contingent income barrier notes
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| Underlying index: | Russell 2000
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| Amount: | $1 million
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| Maturity: | Sept. 21, 2026
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| Coupon: | 11%, payable semiannually if index closes at or above barrier on coupon observation date for that semiannual period
|
| Price: | Par
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| Call: | Automatically at par plus contingent coupon if index closes at or above initial level on any coupon observation date
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| Payout at maturity: | Par plus final contingent interest payment, if any, unless final index level is less than barrier level, in which case full exposure to index’s decline
|
| Initial index level: | 1,224.779
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| Barrier level: | 1,041.0621, 85% of initial level
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| Pricing date: | Sept. 16
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| Settlement date: | Sept. 21
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| Agent: | HSBC Securities (USA) Inc.
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| Fees: | None
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| Cusip: | 40433UVM5
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