HSBC plans performance barrier notes due 2016 linked to Asian indexes

By Susanna Moon

Chicago, March 4 - HSBC USA Inc. plans to price 0% performance barrier notes due Aug. 31, 2016 linked to a basket of equally weighted indexes, according to an FWP filing with the Securities and Exchange Commission.

The underlying indexes are the Hang Seng China Enterprises index, the MSCI Taiwan Index, the Hang Seng index and the MSCI Singapore Free index.

The payout at maturity will be par plus at least 142% of any basket gain. The exact deal terms will be set at pricing.

Investors will receive par if the basket falls by up to 25% and will be fully exposed to any losses if it drops below the 75% barrier level.

HSBC Securities (USA) Inc. is the underwriter.

The notes will price on March 25 and settle on March 28.

The Cusip number is 40432XCG4.

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