HSBC to price averaging notes linked to basket of Asian indexes

By Angela McDaniels

Tacoma, Wash., Feb. 4 - HSBC USA Inc. plans to price 0% averaging notes due Feb. 27, 2019 linked to a basket of indexes, according to an FWP filing with the Securities and Exchange Commission.

The basket includes equal weights of the Hang Seng index, the Taiwan Stock Exchange Capitalization Weighted Stock index, the Korea Composite Stock Price Index 200 and the MSCI Singapore Free index.

The payout at maturity will be par plus the basket return, subject to a minimum payout of par. When calculating the basket return, each index's final level will be the average of its closing levels on 24 quarterly observation dates.

HSBC Securities (USA) Inc. is the agent.

The trade date is Feb. 21, the pricing date is Feb. 22, and the settlement date is Feb. 27.

The Cusip number is 40432XAD3.

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