HSBC plans buffered performance securities on currencies versus yen

By Jennifer Chiou

New York, Sept. 14 - HSBC USA Inc. plans to price 0% buffered performance securities due Sept. 28, 2013 linked to equal weights of the Indonesian rupiah, the Indian rupee and the Korean won relative to the Japanese yen, according to an FWP with the Securities and Exchange Commission.

If the final basket level is greater than or equal to the initial level, the payout at maturity will be par 150% to 190% of the return.

Investors will receive par if the basket level declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.

The notes (Cusip: 40433C478) are expected to price on Sept. 23 and settle on Sept. 28.

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

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