HSBC plans three-year autocallables linked to S&P 500, iShares MSCI EM

By Susanna Moon

Chicago, Sept. 6 - HSBC USA Inc. plans to price autocallable notes due Sept. 19, 2016 linked to a basket of two equally weighted components, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the S&P 500 index and the iShares MSCI Emerging Markets exchange-traded fund.

The notes will be called at par plus a premium of 7% to 9% annualized if the basket closes at or above its initial level on any annual call date.

The payout at maturity will be par if the basket falls by 10%.

Otherwise, investors will lose 1% for each 1% decline beyond 10%.

HSBC Securities (USA) Inc. is the agent.

The notes will price on Sept. 13 and settle on Sept. 18.

The Cusip number is 40432XKP5.

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