HSBC plans five-year trigger performance securities tied to S&P 500

By Susanna Moon

Chicago, May 27 - HSBC USA Inc. plans to price 0% trigger performance securities due June 30, 2016 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 1.21 times to 1.31 times of any index gain, with the exact participation rate to be set at pricing.

Investors will receive par if the index falls by up to 50% and will be exposed to losses beyond 50%.

UBS Financial Services Inc. and HSBC Securities (USA) Inc. are the underwriters.

The notes are expected to price on June 27 and settle on June 30.

The Cusip is 40433C775.

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