New Issue: HSBC prices $1.02 million 11.4% yield autocallables tied to JD, Alibaba

By Susanna Moon

Chicago, April 3 – HSBC USA Inc. priced $1.02 million of 11.4% autocallable yield notes due March 25, 2019 linked to the American Depositary Shares of JD.com, Inc. and the Alibaba Group Holding Ltd., according to a 424B2 filed with the Securities and Exchange Commission.

Interest is payable monthly.

The notes will be called at par if each stock closes at or above its initial level on any review date.

The payout at maturity will be par unless either stock finishes below its 70% trigger level, in which case investors will be fully exposed to any losses of the worse performing stock.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Autocallable yield notes
Underlying stocks:	JD.com, Inc. (Symbol: JD) and Alibaba Group Holding Ltd. (Symbol: BABA)
Amount:	$1,015,000
Maturity:	March 25, 2019
Coupon:	11.4%, payable monthly
Price:	Par
Payout at maturity:	Par unless either stock falls below 70% trigger, in which case full exposure to any losses of worse performing stock
Call:	At par if each stock closes at or above initial level on any quarterly review date beginning June 20, 2018
Initial levels:	$44.00 for JD and $198.95 for Alibaba
Barrier levels:	70% of initial levels
Pricing date:	March 20
Settlement date:	March 23
Agent:	HSBC Securities (USA) Inc.
Fees:	1%
Cusip:	40435M722

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