New Issue: HSBC sells $39,000 autocallable yield notes on S&P 500, Russell

By Wendy Van Sickle

Columbus, Ohio, May 9 – HSBC USA Inc. priced $39,000 of 7.5% autocallable yield notes due May 3, 2021 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

After one year, the notes will be called at par of $1,000 plus the interest payment if each index closes at or above its initial level on any quarterly review date.

The payout at maturity will be par plus the final interest payment unless either index finishes below its trigger level, in which case investors will lose 1% for each 1% decline of the worst performing index from its initial level.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Autocallable yield notes
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$39,000
Maturity:	May 3, 2021
Coupon:	7.5%, payable monthly
Price:	Par
Call:	Automatically at par plus coupon if each index closes at or above initial level on a quarterly observation date after one year
Payout at maturity:	Par plus coupon unless either index finishes below its trigger level, in which case full exposure to decline of lesser performing index
Initial levels:	2,648.05 for S&P and 1,541.884 for Russell
Trigger levels:	1,968.0375 for S&P and 1,156.413 for Russell; 75% of initial levels
Pricing date:	April 30
Settlement date:	May 3
Agent:	HSBC Securities (USA) Inc.
Fees:	0%
Cusip:	40435FXT9

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