HSBC plans one-year PLUS linked to Financial Select Sector SPDR

By Susanna Moon

Chicago, May 5 - HSBC USA Inc. plans to price 0% Performance Leveraged Upside Securities due May 31, 2016 linked to the Financial Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 130% of any fund gain, up to a maximum return of at least 38.5%. The exact cap will be set at pricing.

Investors will be exposed to any losses.

HSBC Securities (USA) Inc. is the agent with Morgan Stanley Smith Barney LLC handling distribution.

The notes will price on May 23 and settle on May 29.

The Cusip number is 40434C576.

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