HSBC plans to price one-year return enhanced notes tied to Ford stock

By Toni Weeks

San Luis Obispo, Calif., Dec. 24 - HSBC USA Inc. plans to price 0% return enhanced notes due Jan. 12, 2015 linked to the common stock of Ford Motor Co., according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 2.5 times any increase in the share price, up to a maximum return of 30.25%.

Investors will be fully exposed to any decline in the share price.

The final price will be the average of the closing share prices on the five trading days ending Jan. 7, 2015.

The notes (Cusip: 40432XRH6) are expected to price Dec. 27 and settle Jan. 2.

HSBC Securities (USA) Inc. is the underwriter, and J.P. Morgan Securities LLC is the agent.

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