HSBC to price 0% averaging notes linked to S&P 500 Low Volatility

By Jennifer Chiou

New York, March 6 - HSBC USA Inc. plans to price 0% averaging notes due Sept. 18, 2015 linked to the S&P 500 Low Volatility index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any gain in the average closing level of the index measured quarterly.

Investors will receive par if the average return is negative or flat.

The notes (Cusip: 4042K1ZU0) will price on March 15 and settle on March 20.

HSBC Securities (USA) Inc. is the agent.

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