HSBC to price contingent buffered enhanced notes tied to Euro Stoxx

By Marisa Wong

Madison, Wis., May 21 - HSBC USA Inc. plans to price 0% contingent buffered enhanced notes due Aug. 29, 2014 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.

If the final index level is less than the initial level by more than 20%, the payout at maturity will be par plus the index return with full exposure to losses. Otherwise, the payout will be par plus the index return, subject to a minimum return of 4% and a maximum return of 17%.

HSBC Securities (USA) Inc. is the underwriter with J.P. Morgan Securities LLC as dealer.

The notes are expected to price May 24 and settle May 30.

The Cusip number is 40432XFP1.

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