HSBC plans trigger autocallables linked to SPDR S&P 500 ETF trust

By Jennifer Chiou

New York, Nov. 1 - HSBC USA Inc. plans to price 0% trigger autocallable optimization securities due Nov. 10, 2016 linked to the SPDR S&P 500 exchange-traded fund trust, according to an FWP with the Securities and Exchange Commission.

If the closing share price is greater than the initial price on any quarterly observation date, the notes will be called at par plus an annualized call return of 7% to 9% that will be set at pricing.

If the notes are not called and the final price is greater than or equal to 50% of the initial level, the payout at maturity will be par. Otherwise, investors will share fully in losses.

The notes (Cusip: 40433C171) will price on Nov. 4 and settle on Nov. 9.

UBS Financial Services Inc. is the agent with HSBC Securities (USA) Inc. as distributor.

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