HSBC plans 14-month Accelerated Return Notes on S&P Regional Banks

By Susanna Moon

Chicago, June 1 – HSBC USA Inc. plans to price 0% Accelerated Return Notes due August 2016 linked to the S&P Regional Banks Select Industry index, according to an FWP with the Securities and Exchange Commission.

The payout at maturity will be par plus 300% of any index gain, capped at 14% to 18%. The exact cap will be set at pricing.

Investors will be exposed to any losses.

BofA Merrill Lynch is the agent.

The notes will price in June and settle in July.

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