HSBC plans trigger return optimization notes on Financial Select SPDR

By Susanna Moon

Chicago, July 12 - HSBC USA Inc. plans to price 0% trigger return optimization securities due July 29, 2016 linked to Financial Select Sector SPDR fund, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any fund gain, up to a maximum return of 27% to 32%.

If the fund finishes at or above the 75% trigger level, the payout will be par.

Otherwise, investors will be fully exposed to any losses.

HSBC Securities (USA) Inc. is the underwriter with UBS Financial Services Inc. as dealer.

The notes will price on July 26 and settle on July 31.

The Cusip number is 40433X415.

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