HSBC plans contingent income barrier autocallables linked to Amazon

New York, April 6 – HSBC USA Inc. plans to price autocallable contingent income barrier notes due April 22, 2019 linked to the common stock of Amazon.com, Inc., according to an FWP filing with the Securities and Exchange Commission.

Each quarter, the notes will pay an 8.5% to 10.5% contingent coupon if Amazon stock closes at or above the coupon trigger level, 77% of the initial share price, on the observation date for that quarter. The exact coupon will be set at pricing.

The notes will be called at par plus the contingent coupon if the stock closes at or above the initial share price on any coupon observation date.

The payout at maturity will be par plus the final coupon unless the stock finishes below its 77% barrier price, in which case investors will be fully exposed to the decline in the stock.

HSBC Securities (USA) Inc. is the agent.

The notes will price April 16 and settle on April 19.

The Cusip number is 40435FYN1.

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