HSBC plans return optimization notes due 2016 tied to iShares MSCI EM

By Susanna Moon

Chicago, March 18 – HSBC USA Inc. plans to price 0% return optimization securities due April 29, 2016 linked to the iShares MSCI Emerging Markets ETF, according to an FWP with the Securities and Exchange Commission.

The payout at maturity will be par plus triple any gain in the fund, up to a maximum return of 15.8% to 17.3%. The exact cap will be set at pricing.

Investors will be exposed to any losses.

HSBC Securities (USA) Inc. will be the underwriter with UBS Financial Services Inc. as the agent.

The notes will price on March 26 and settle on March 31.

The Cusip number is 40434G874.

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