New Issue: HSBC sells $1.74 million 6.45% yield autocalls tied to S&P 500, Russell

By Susanna Moon

Chicago, Nov. 15 – HSBC USA Inc. priced $1.74 million of 6.45% autocallable yield notes due Feb. 5, 2020 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 finishes below its 70% trigger level, 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:	$1,743,000
Maturity:	Feb. 5, 2020
Coupon:	6.45% annualized, payable monthly
Price:	Par
Payout at maturity:	Par unless either index falls 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 April 30, 2019
Initial levels:	2,711.74 for Russell and 1,511.413 for S&P
Trigger levels:	1,057.989 for Russell and 1,898.22 for S&P, 70% of initial levels
Pricing date:	Oct. 31
Settlement date:	Nov. 5
Agent:	HSBC Securities (USA) Inc.
Fees:	0.375%
Cusip:	40435F4R5

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