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HSBC plans seven-year performance notes tied to S&P 500 Low Volatility
By Susanna Moon
Chicago, July 23 - HSBC USA Inc. plans to price 0% performance notes due July 31, 2017 linked to the S&P 500 Low Volatility index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain.
If the index falls, the payout will be par.
HSBC Securities (USA) Inc. is the underwriter.
The notes will price in July and settle in August.
The Cusip number is 4042K1Z63.
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