HSBC to price autocallable securities linked to Euro Stoxx 50 index

By Devika Patel

Knoxville, Tenn., March 23 – HSBC USA Inc. plans to sell autocallable securities due April 5, 2022 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.

The notes will be called at par of $10 plus a premium of at least 13.55% per year if the index closes at or above the initial level on any annual determination date other than the final one, starting on April 3, 2018.

If the final index level is greater than or equal to its initial level, the payment at maturity will be $16.775 per $10 of notes. If the index falls but finishes at or above the downside threshold level, 80% of the initial level, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the final level is less than the initial level.

HSBC Securities (USA) Inc. is the agent.

The notes (Cusip: 40435H798) will price on March 31 and settle on April 5.

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