HSBC plans buffered PLUS on WisdomTree Japan Hedged Equity fund

By Jennifer Chiou

New York, April 3 - HSBC USA Inc. plans to price 0% buffered Performance Leveraged Upside Securities due April 16, 2018 linked to the WisdomTree Japan Hedged Equity fund, according to an FWP with the Securities and Exchange Commission.

If the fund's final share price is greater than the initial share price, the payout at maturity will be par of $10 plus 150% of the fund return, subject to a cap of at least 40% that will be set at pricing.

Investors will receive par for losses up to 10% and will share in losses beyond the buffer.

The notes (Cusip: 40434C105) are expected to price on April 11 and settle on April 16.

HSBC Securities (USA) Inc. is the agent.

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