HSBC plans Leveraged Index Return Notes linked to S&P 100 index

By Toni Weeks

San Diego, Feb. 29 - HSBC USA Inc. plans to price Leveraged Index Return Notes due March 2015 linked to the S&P 100 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10.00 plus 100% to 120% of any index gain. The exact participation rate will be set at pricing.

Investors will receive par if the index falls by up to 10% and will be exposed to any losses beyond 10%.

The notes are expected to price in March and settle in April.

Bank of America Merrill Lynch is the agent.

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