HSBC plans return optimization securities linked to iShares MSCI EM

By Susanna Moon

Chicago, May 1 - HSBC USA Inc. plans to price 0% return optimization securities due June 30, 2014 linked to the iShares MSCI Emerging Markets index fund, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus triple any gain in the fund, up to a maximum return of 12.25% to 15.25%. The exact cap will be set at pricing.

Investors will be exposed to any losses.

HSBC Securities (USA) Inc. will be the underwriter, with UBS Financial Services Inc. as the placement agent.

The notes will price on May 28 and settle on May 31.

The Cusip number is 40433X761.

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