HSBC to price trigger performance notes linked to iShares MSCI ETFs

By Angela McDaniels

Tacoma, Wash., April 29 - HSBC USA Inc. plans to price 0% trigger performance securities due May 31, 2016 linked to a basket of exchange-traded funds, according to an FWP filing with the Securities and Exchange Commission.

The basket includes the iShares MSCI EAFE index fund with a 70% weight and the iShares MSCI Emerging Markets index fund with a 30% weight.

The payout at maturity will be par of $10 plus 102% to 110% of any increase in the basket. Investors will receive par if the basket falls by 45% or less and will be fully exposed to the decline if the basket falls beyond 45%.

The exact participation rate will be set at pricing.

The notes (Cusip: 40433C833) are expected to price May 25 and settle May 31.

UBS Financial Services Inc. and HSBC Securities (USA) Inc. are the agents.

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