HSBC plans trigger autocallable optimization notes tied to Gold Miners

By Susanna Moon

Chicago, Oct. 23 - HSBC USA Inc. plans to price 0% trigger autocallable optimization securities due Oct. 31, 2017 linked to the Market Vectors Gold Miners exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

The notes will be called at par plus an annualized return of 8.25% to 10.25% if the fund closes at or above the initial level on any quarterly observation date after one year. The exact call premium will be set at pricing.

If the notes are not called and the shares finish at or above the 55% trigger level, the payout at maturity will be par.

Otherwise, investors will be fully exposed to all losses.

HSBC Securities (USA) Inc. is the underwriter with UBS Financial Services Inc. as dealer.

The notes will price on Oct. 29 and settle on Oct. 31.

The Cusip number is 40433T745.

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