HSBC plans five-year trigger autocallables on iShares Russell 2000

By Susanna Moon

Chicago, Jan. 10 - HSBC USA Inc. plans to price 0% trigger autocallable optimization securities due Jan. 20, 2017 linked to the iShares Russell 2000 index fund, according to an FWP filing with the Securities and Exchange Commission.

The notes will be called at par of $10 plus at an annualized call premium of 9.3% to 12.3% if the fund's shares close at or above the initial share price on any quarterly observation date.

The payout at maturity will be par if the final share price is at least 50% of the initial level.

If the fund finishes below 50% of the initial share price, investors will be fully exposed to any losses.

HSBC Securities (USA) Inc. is the underwriter with UBS Financial Services Inc. as dealer.

The notes will price on Jan. 13 and settle on Jan. 19.

The Cusip is 40433K611.

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