HSBC plans market plus notes due 2018 linked to S&P 500

By Wendy Van Sickle

Columbus, Ohio, Feb. 23 – HSBC USA Inc. plans to price 0% market plus notes due Aug. 29, 2018 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

If the index gains, finishes flat or falls by up to the 16.1% knock-out buffer, the payout at maturity will be par plus the greater of any gain and the contingent minimum return of 0%. Otherwise, investors will be fully exposed to any losses.

HSBC Securities (USA) Inc. is the underwriter, and J.P. Morgan Securities LLC and JPMorgan Chase Bank NA are placement agents.

The notes will price on Feb. 24 and settle on March 1.

The Cusip number is 40433US56.

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