HSBC plans autocallable return notes linked to S&P oil and gas index

New York, May 23 – HSBC USA Inc. plans to price 0% autocallable return notes due June 12, 2019 linked to the S&P Oil & Gas Exploration & Production Select Industry index, according to an FWP filing with the Securities and Exchange Commission.

The notes will be automatically called if the index closes at or above its initial level on Sept. 16, 2018, Nov. 21, 2018, Feb. 21, 2019 and June 7, 2019. The redemption price is par plus a call premium of at an annual rate of 13.35%.

If the notes are not called, the payout at maturity will be par unless the index finishes below the 70% trigger level, in which case investors will be fully exposed to the decline.

The final calculation of the index level will be based on the average of the closing levels on June 3, June 4, June 5, June 6 and June 7, 2019.

HSBC Securities (USA) Inc. is the underwriter with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as placement agents.

The notes will price on May 25 and settle on May 31.

The Cusip number is 40435FF44.

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