HSBC plans four-year 0% notes with 70% trigger linked to S&P 500

By Susanna Moon

Chicago, Oct. 15 - HSBC USA Inc. plans to price 0% buffered notes due Nov. 7, 2016 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par any index gain.

Investors will receive par if the index falls by up to 30% and will lose 1.428571% for every 1% decline beyond 30%.

HSBC Securities (USA) Inc. is the underwriter.

The notes will price on Nov. 2 and settle on Nov. 7.

The Cusip number is 4042K17C1.

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