HSBC to price performance securities linked to index basket via UBS

By Jennifer Chiou

New York, March 25 - HSBC USA Inc. plans to price 0% performance securities with partial protection due March 31, 2015 linked to an index basket, according to an FWP filing with the Securities and Exchange Commission.

UBS Financial Services Inc. and HSBC USA Inc. are the agents.

The basket includes the S&P BRIC 40 index with a 75% weight, the Korea Stock Price index 200 with a 15% weight and the MSCI Taiwan index with a 10% weight.

If the basket return is positive, the payout at maturity will be par of $10 plus 102% to 108% of the return. The exact participation rate will be set at pricing.

Investors will receive par for losses up to 20% and will share in losses beyond 20%.

The notes are expected to price on March 29 and settle on March 31.

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