HSBC plans trigger autocallables due 2017 linked to SPDR S&P 500

By Susanna Moon

Chicago, April 4 - HSBC USA Inc. plans to price 0% trigger autocallable optimization securities due April 11, 2017 linked to the SPDR S&P 500 Exchange-Traded Fund Trust, according to an FWP with the Securities and Exchange Commission.

The notes will be called at par of $10 plus at an annualized call premium of 6% to 8% if the fund's shares close at or above the initial share price on any quarterly observation date.

If the fund finishes at or above the 75% trigger level, the payout at maturity will be par.

Otherwise, 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 April 5 and settle on April 11.

The Cusip number is 40433K132.

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