HSBC plans buffered PLUS with 31%-35% cap tied to iShares MSCI EAFE

By Susanna Moon

Chicago, March 13 - HSBC USA Inc. plans to price 0% buffered Performance Leveraged Upside Securities due April 3, 2014 linked to the iShares MSCI EAFE index fund, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10.00 plus double any fund gain, up to a maximum return of $13.10 to $13.50 per note. The exact cap will be set at pricing.

Investors will receive par if the shares fall by up to 10% and will lose 1% for every 1% decline beyond 10%.

HSBC Securities (USA) Inc. is the agent, and Morgan Stanley Smith Barney LLC will handle distribution.

The notes will price on March 29 and settle on April 3.

The Cusip number is 40433K264.

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