HSBC plans to sell one-year 0% participation notes linked to gold

By Marisa Wong

Madison, Wis., Oct. 19 - HSBC USA Inc. plans to price one-year 0% participation notes linked to gold, according to an FWP filing with the Securities and Exchange Commission.

If the price of gold increases, the payout at maturity will be par plus the return, subject to a cap of 16% to 18% that will be set at pricing.

If the price of gold falls by up to 15%, the payout will be par. Investors will lose 1% for every 1% decline beyond 15%.

The Cusip for the notes is 4042K07D1.

HSBC Securities (USA) Inc. is the agent.

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