New Issue: HSBC sells $4.51 million 8.25% contingent income autocalls on Euro Stoxx 50

By Wendy Van Sickle

Columbus, Ohio, Feb. 15 – HSBC USA Inc. priced $4.51 million of contingent income autocallable securities due Feb. 12, 2021 linked to the Euro Stoxx 50 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 8.25% if the index closes at or above its 80% coupon barrier on the determination date that quarter.

The notes will be called at par if the index closes at or above its initial level on any of the first 11 determination dates.

The payout at maturity will be par unless the index finishes below its 80% downside threshold, in which case investors will be fully exposed to any losses.

HSBC Securities (USA) Inc. is the agent. Distribution is through Morgan Stanley Wealth Management.

Issuer:	HSBC USA Inc.
Issue:	Contingent income autocallable securities
Underlying index:	Euro Stoxx 50
Amount:	$4,507,000
Maturity:	Feb. 12, 2021
Coupon:	8.25% annualized, payable quarterly if index closes at or above 80% coupon barrier on determination date that quarter
Price:	Par
Payout at maturity:	If index finishes at or above downside threshold, par; otherwise, 1% loss for each 1% decline
Call:	At par if index closes at or above its initial level on any of first 11 determination dates
Initial level:	3,325.99
Trigger level:	2,660.79, 80% of initial level
Pricing date:	Feb. 9
Settlement date:	Feb. 14
Agent:	HSBC Securities (USA) Inc.
Distribution:	Morgan Stanley Wealth Management
Fees:	2.5%
Cusip:	40435FTV9

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