HSBC plans accelerated market participation notes linked to FTSE 100

By Angela McDaniels

Tacoma, Wash., Oct. 14 - HSBC USA Inc. plans to price two-year 0% accelerated market participation securities linked to the dollar-adjusted return of the FTSE 100 index, according to an FWP filing with the Securities and Exchange Commission.

The initial index level and final index level will equal the index level on the pricing date and final valuation date, respectively, divided by the then-current exchange rate between the British pound sterling and the dollar.

The payout at maturity will be par plus 500% of any index 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 index decline.

The notes will price in October or November.

HSBC Securities (USA) Inc. is the agent.

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