HSBC plans to price buffered digital notes linked to Russell 2000

By Toni Weeks

San Luis Obispo, Calif., July 16 - HSBC USA Inc. plans to price 0% buffered digital notes due Jan. 23, 2015 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than or equal to the initial level, the payout at maturity will be par plus the 10.5% to 12.5% digital upside return. The exact digital upside return will be set at pricing.

Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% decline in the index beyond the 10% buffer.

The notes (Cusip: 40432XHY0) are expected to price July 19 and settle July 24.

HSBC Securities (USA) Inc. is the agent.

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