New Issue: HSBC prices $784,000 6.5% yield autocallables tied to S&P 500, Russell

By Susanna Moon

Chicago, Aug. 9 – HSBC USA Inc. priced $784,000 of 6.5% autocallable yield notes due Aug. 30, 2019 linked to the lesser performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

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

The payout at maturity will be par unless either index ever closes below its 70% trigger level during the life of the notes, in which case investors will be fully exposed to any losses of the worse performing index.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Autocallable yield notes
Underlying indexes:	Russell 2000 index, S&P 500 index
Amount:	$784,000
Maturity:	Nov. 4, 2019
Coupon:	6.5% annualized, payable monthly
Price:	Par
Payout at maturity:	Par unless either index ever closes below 70% trigger, in which case full exposure to any losses of worse performing index
Call:	At par if each index closes at or above initial level on any quarterly review date beginning Jan. 30, 2019
Initial levels:	1,670.805 for Russell and 2,816.29 for S&P
Trigger levels:	1,169.5635 for Russell and 1,971.403 for S&P, 70% of initial levels
Pricing date:	July 31
Settlement date:	Aug. 3
Agent:	HSBC Securities (USA) Inc.
Fees:	None
Cusip:	40435FM46

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