HSBC plans two-year market-linked step-up notes linked to Euro Stoxx

By Marisa Wong

Madison, Wis., Feb. 4 – HSBC USA Inc. plans to price market-linked step-up notes due February 2017 linked to the Euro Stoxx 50 index, according to an FWP with the Securities and Exchange Commission.

If the index finishes at or above the step-up value – 114% to 120% of the initial level – the payout at maturity will be par of $10.00 plus the index gain.

If the index gains by up to the step-up level, the payout will be par plus the step-up payment of 14% to 20%.

Investors will be exposed to any losses.

BofA Merrill Lynch is the agent.

The notes will price in February and settle in March.

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