HSBC plans to price 0% averaging notes linked to S&P 500 index

By Angela McDaniels

Tacoma, Wash., Dec. 4 - HSBC USA Inc. plans to price 5.5-year 0% averaging notes linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The final index level will be the average of its closing levels on the 26th calendar day of each March, June, September and December from March 26, 2014 up to and including June 29, 2019.

If the index return is positive, investors will receive par plus the index return. If the index return is less than or equal to zero, the payout will be par.

HSBC Securities (USA) Inc. is the agent.

The notes are expected to price Dec. 26 and settle Dec. 31.

The Cusip number is 40432XQU8.

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