HSBC plans 14-month Accelerated Return Notes on three financial stocks

By Susanna Moon

Chicago, April 17 – HSBC USA Inc. plans to price 0% Accelerated Return Notes due June 2016 linked to a basket of three equally weighted financial sector stocks, according to an FWP with the Securities and Exchange Commission.

The underlying companies are Citigroup Inc., JPMorgan Chase & Co. and Wells Fargo & Co.

The payout at maturity will be par plus 300% of any basket gain, capped at 12% to 16%. The exact cap will be set at pricing.

Investors will be exposed to any losses.

The notes will price and settle in April.

BofA Merrill Lynch is the agent.

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