HSBC plans contingent income barrier autocallables on three stocks

New York, April 9 – HSBC USA Inc. plans to price autocallable contingent income barrier notes due April 30, 2021 linked to the least performing of the common stocks of AbbVie Inc., Boeing Co., and JPMorgan Chase & Co., according to an FWP filing with the Securities and Exchange Commission.

Each month, the notes will pay a contingent coupon at an annual rate of 10% if each stock closes at or above its coupon trigger, 50% of its initial share price, on the observation date for that month.

The notes will be called at par plus the contingent coupon if each stock closes at or above its initial share price on any quarterly call observation date prior to maturity.

The payout at maturity will be par plus the final coupon unless any stock finishes below its 50% barrier, in which case investors will be fully exposed to the decline of the worst-performing stock.

HSBC Securities (USA) Inc. is the agent.

The notes will price on April 25 and settle on April 30.

The Cusip number is 40435FYL5.

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