HSBC USA plans to price one-year gold participation notes

By Angela McDaniels

Tacoma, Wash., Jan. 24 - HSBC USA Inc. plans to price one-year 0% gold participation notes linked to the price of gold, according to an FWP filing with the Securities and Exchange Commission.

If the final price of gold is greater than the initial price of gold, the payout at maturity will be par plus the gold return. The return will be subject to a cap of 14% to 17% that will be set at pricing.

If the gold return is between zero and negative 10%, the payout will be par.

If the gold return is less than or equal to negative 10%, the payout will be par plus the gold return.

The Cusip for the notes is 4042K1CQ4.

HSBC Securities (USA) Inc. is the agent.

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