New Issue: HSBC sells $8.68 million autocallable buffered notes with step-up premium on index, ETF

By Wendy Van Sickle

Columbus, Ohio, Sept. 1 – HSBC USA Inc. priced $8.68 million of 0% autocallable buffered notes with step-up premium due Aug. 21, 2023 linked to the Nasdaq-100 index and the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus an annualized 9.25% call premium if each underlier closes at or above initial level on any semiannual call observation date.

If the notes are not called, the payout will be par unless either underlier falls below 80% of its initial level, in which case investors will lose 1.25% for every 1% decline of the worst performer beyond 20%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Autocallable buffered notes with step-up premium
Underlying assets:	Nasdaq-100 index, iShares MSCI EAFE ETF
Amount:	$8,676,000
Maturity:	Aug. 21, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If the notes are not called, par unless either underlier falls below 80% of its initial level, in which case investors will lose 1.25% for every 1% decline of the worst performer beyond 20%
Call:	At par plus an annualized 9.25% call premium if each underlier closes at or above initial level on any semiannual call observation date
Initial levels:	14,163.81 for Nasdaq, $80.18 for ETF
Buffer level:	11,331.048 for Nasdaq, $64.144 for ETF, 80% of initial levels
Pricing date:	June 17
Settlement date:	June 23
Underwriter:	HSBC Securities (USA) Inc.
Fees:	0.05%
Cusip:	40439JDU6

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