HSBC plans two-year buffered return optimization notes tied to S&P 500

By Susanna Moon

Chicago, March 1 - HSBC USA Inc. plans to price 0% buffered return optimization notes due March 31, 2014 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any gain in the index, up to a maximum return of 20% to 25%.

Investors will receive par if the index falls by up to 10% and will be exposed to any losses beyond 10%.

HSBC Securities (USA) Inc. will be the underwriter, with UBS Financial Services Inc. as the agent.

The notes will price on March 27 and settle on March 30.

The Cusip is 40433K348.

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