HSBC plans contingent return optimization notes linked to Russell 2000

By Susanna Moon

Chicago, Dec. 5 - HSBC USA Inc. plans to price 0% contingent return optimization securities due Dec. 31, 2013 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

If the index finishes at or above the trigger level - 60% of the initial index level - the payout at maturity will be par of $10 plus any index gain, with a minimum return of 10% and a maximum return of 32% to 38%. The exact cap will be set at pricing.

Otherwise, investors will be fully exposed to the index decline.

HSBC Securities (USA) Inc. is the underwriter, and UBS Financial Services Inc. will handle distribution.

The notes will price on Dec. 27 and settle on Dec. 30.

The Cusip is 40433K835.

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