HSBC plans to price PLUS due 2015 linked to S&P 500 index

By Jennifer Chiou

New York, Oct. 9 – HSBC USA Inc. plans to price 0% Performance Leveraged Upside Securities due Nov. 10, 2015 linked to the S&P 500 index, according to an FWP with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any index gain, up to a maximum payment of at least $11.00 per note. The exact cap will be set at pricing.

Investors will be exposed to any losses.

The notes will price on Oct. 10.

HSBC Securities (USA) Inc. is the agent with distribution through Morgan Stanley Wealth Management.

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