HSBC plans to price 14-month capped gears linked to Russell 2000

By Marisa Wong

Morgantown, W.Va., Feb. 22 – HSBC USA Inc. plans to price 0% capped gears due April 30, 2018 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes above its initial level, the payout at maturity will be par plus 3 times the gain, up to a maximum return of 14.25% to 17.25%. The exact cap will be set at pricing.

If the index return is negative, investors will lose 1% for each 1% decline.

HSBC Securities (USA) Inc. and UBS Financial Services Inc. are the agents.

The notes will price on Feb. 23.

The Cusip number is 40435C328.

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