HSBC plans leveraged contingent buffered notes tied to Bank of America

By Angela McDaniels

Tacoma, Wash., April 30 - HSBC USA Inc. plans to price 0% leveraged contingent buffered enhanced notes due Nov. 9, 2015 linked to the common stock of Bank of America Corp., according to an FWP filing with the Securities and Exchange Commission.

If the stock's final share price is at least 90% of the initial share price, the payout at maturity will be par plus 150% of the stock return, subject to a contingent minimum return of zero and a maximum return of 34%. Otherwise, investors will be fully exposed to the decline in the share price.

The final share price will be the average of the stock's closing share prices on the five trading days ending Nov. 4, 2015.

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

The notes will price May 2 and settle May 7.

The Cusip number is 40433BAX6.

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