HSBC plans autocallable securities due 2021 linked to Nvidia stock

New York, March 27 – HSBC USA Inc. plans to sell 0% autocallable securities due April 1, 2021 linked to the common stock of Nvidia Corp., according to an FWP filing with the Securities and Exchange Commission.

If the shares close at or above the downside threshold, 90% of the initial price, on any quarterly call observation date the securities will be automatically redeemed at par of $10 plus a call premium giving a return of at least 11% per year. The exact call premium will be set at pricing.

If the final share price is greater than or equal to the 90% downside threshold level, the payout at maturity will be par plus 33%.

Otherwise, investors will lose 1% for every 1% that the final share price is less than the initial share price.

HSBC Securities (USA) Inc. is the agent, with Morgan Stanley Wealth Management handling distribution.

The notes will price on March 29 and settle on April 4.

The Cusip number is 40435M664.

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