HSBC plans buffered return optimization notes tied to iShares MSCI EM

By Susanna Moon

Chicago, April 4 - HSBC USA Inc. plans to price 0% buffered return optimization securities due April 30, 2014 linked to the iShares MSCI Emerging Markets Index Fund, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any gain in the fund, up to a maximum return of 22% to 27%.

Investors will receive par if the shares fall 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 April 25 and settle on April 30.

The Cusip number is 40433K140.

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