HSBC plans Leveraged Index Return Notes tied to S&P 500 Low Volatility

By Marisa Wong

Madison, Wis., Aug. 31 - HSBC USA Inc. plans to price Leveraged Index Return Notes due September 2014 linked to the S&P 500 Low Volatility index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 140% to 160% of any index gain, with the exact participation rate to be set at pricing.

Investors will be exposed to any losses.

Bank of America Merrill Lynch is the agent.

The notes will price in September and settle in October.

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