HSBC plans contingent buffered enhanced notes linked to Weatherford

By Susanna Moon

Chicago, April 22 - HSBC USA Inc. plans to price 0% contingent buffered enhanced notes due May 13, 2015 linked to Weatherford International Ltd. shares, according to a 424B2 filing with the Securities and Exchange Commission.

If the stock finishes at or above the 80% knock-out level, the payout at maturity will be par plus any stock gain, subject to a contingent minimum return of 0% and a maximum return of 20.5%.

Otherwise, investors will be fully exposed to any losses.

HSBC Securities (USA) Inc. is the underwriter with J.P. Morgan Securities LLC as agent.

The notes will price on April 25 and settle on April 30.

The Cusip number is 40432XYS4.

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