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HSBC plans to price one-year return enhanced notes linked to S&P 500
By Toni Weeks
San Diego, March 2 - HSBC USA Inc. plans to price return enhanced notes due March 21, 2012 linked to the S&P 500 index, according to an FWP filing with the Securities and exchange Commission.
Investors will receive two times any gain in the index at maturity, capped at a gain that is expected to be 17.2%.
Investors will be fully exposed to any index decline.
J.P. Morgan Securities LLC is the agent.
The notes (Cusip: 4042K1ER0) are expected to price on March 4 and settle on March 9.
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