New Issue: HSBC prices $898,000 5.2% autocallables tied to Russell 2000, iShares MSCI EAFE

By Susanna Moon

Chicago, Nov. 18 – HSBC USA Inc. priced $898,000 of 5.2% autocallable fixed-rate notes due May 19, 2017 linked to worst of the Russell 2000 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable quarterly.

The notes will be called at par plus the coupon if each underlying component closes at or above the initial price on any quarterly call observation date.

The payout at maturity will be par unless either component finishes below the 80% barrier level, in which case investors will lose 1.25% for each 1% decline of the worse performing component.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Autocallable fixed-rate notes
Underlyings:	Russell 2000 index and the iShares MSCI EAFE ETF
Amount:	$898,000
Maturity:	May 19, 2017
Coupon:	5.2%, payable quarterly
Price:	Par
Payout at maturity:	Par unless either component falls by more than 20%, in which case 1.25% loss per 1% decline of worse performing component
Call:	At par if each component closes at or above initial share price on any quarterly call date
Initial levels:	1,156.083 for Russell, $60.01 for fund
Barrier levels:	80% of initial levels
Pricing date:	Nov. 16
Settlement date:	Nov. 19
Agent:	HSBC Securities (USA) Inc.
Fees:	0.5%
Cusip:	40433UDL7

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