HSBC to price autocallable return notes linked to Euro Stoxx Banks

By Marisa Wong

Morgantown, W.Va., Jan. 18 – HSBC USA Inc. plans to price 0% autocallable return notes due Jan. 23, 2020 linked to the Euro Stoxx Banks index, according to an FWP filing with the Securities and Exchange Commission.

The notes will be automatically called if the index closes at or above its initial level on Feb. 1, 2019 or Jan. 17, 2020. The redemption price is par plus a call premium of 15.8% or 31.6%, respectively.

If the notes are not called, the payout at maturity will be par unless the index finishes below the 75% trigger level, in which case investors will be fully exposed to the decline.

HSBC Securities (USA) Inc. is the underwriter with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as placement agents.

The notes will price on Jan. 19.

The Cusip number is 40435FRT6.

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