HSBC plans barrier notes with step-up digital return on Mexican peso

By Susanna Moon

Chicago, Dec. 11 - HSBC USA Inc. plans to price 0% barrier notes with step-up digital return due Dec. 30, 2013 linked to the Mexican peso relative to the dollar, according to an FWP filing with the Securities and Exchange Commission.

If the currency return is more than 5%, the payout at maturity will be $1,215 for each $1,000 principal amount of notes.

If the currency gains but by 5% or less, the payout will be $1,050 per $1,000 of notes.

If the currency falls but finishes at or above the 85% barrier level, the payout will be par.

Otherwise, investors will be fully exposed to all losses.

HSBC Securities (USA) Inc. will be the underwriter with J.P. Morgan Securities LLC as dealer.

The notes will price on Dec. 14 and settle on Dec. 21.

The Cusip number is 40432X5H0.

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