New Issue: HSBC sells $1.03 million 5.7% autocalls on Russell 2000, iShares EAFE

New York, March 23 – HSBC USA Inc. priced $1.03 million of worst of 5.7% autocallable securities due Sept. 16, 2019 linked to the worse performing of the Russell 2000 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The fixed coupon is payable semi-annually.

The notes will be called automatically at par if each underlying closes at or above its initial level on any semi-annual observation date up until March 13, 2019.

The payout at maturity will be par unless any underlying loses more than 20%, in which case the payout will be par less 1.25 times the loss of the worst performing underlying beyond 20%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Worst of autocallable securities
Underlying assets:	Russell 2000 and iShares MSCI EAFE exchange-traded fund
Amount:	$1,032,000
Maturity:	Sept. 16, 2019
Coupon:	5.7%, payable semiannually
Price:	Par
Payout at maturity:	If each underlying gains or loses no more than 20%, par; otherwise, 1.25% loss for each 1% decline of worst performing asset beyond 20%
Call:	At par if each underlying closes at or above its initial level on any semiannual call date ending March 13, 2019
Initial levels:	1,601.059 for Russell and $70.86 for iShares MSCI EAFE
Pricing date:	March 12
Settlement date:	March 15
Agent:	HSBC Securities (USA) Inc.
Fees:	0.5%
Cusip:	40435FWN3

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