HSBC plans to price PLUS due 2017 linked to Russell 2000 index

By Wendy Van Sickle

Columbus, Ohio, May 2 – HSBC USA Inc. plans to price Performance Leveraged Upside Securities due Sept. 6, 2017 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

If the final index level is greater than the initial index level, the payout at maturity will be par of $10 plus 300% of the index return, subject to a maximum redemption amount that is expected to be at least $11.74 and will be set at pricing.

Investors will be fully exposed to any index decline.

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

The notes will price May 13.

The Cusip number is 40434N168.

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