HSBC plans accelerated market participation notes linked to Energy Select Sector SPDR fund

By Jennifer Chiou

New York, Oct. 14 - HSBC USA Inc. plans to price two-year 0% accelerated market participation securities linked to the Energy Select Sector SPDR fund, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 500% of any fund gain, subject to a maximum return that is expected to be 35% to 45% and will be set at pricing. Investors will be fully exposed to any fund decline.

The notes will price and settle in October.

HSBC Securities (USA) Inc. is the agent.

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