HSBC plans 10-year contingent return barrier autocallables on indexes

By Susanna Moon

Chicago, Sept. 25 – HSBC USA Inc. plans to price autocallable barrier notes with contingent return due Sept. 29, 2027 linked to the least performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of at least 6.35% if each index closes at or above the 75% coupon barrier on a coupon observation date for that quarter.

The notes will be called at par if each index closes at or above its initial level on any annual call date after one year.

The payout at maturity will be par unless either index finishes below its 60% trigger level, in which case investors will be fully exposed to any losses of the worse performing index.

HSBC Securities (USA) Inc. is the agent.

The notes will price on Sept. 26 and settle on Sept. 29.

The Cusip number is 40435FFV4.

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