HSBC plans to price digital notes linked to S&P 500, Russell 2000

By Angela McDaniels

Tacoma, Wash., April 24 - HSBC USA Inc. plans to price 0% digital notes due Nov. 12, 2013 linked to the S&P 500 index and the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 12% if the final level of each index is greater than or equal to its barrier level, which is 70% of the initial index level. Otherwise, investors will be fully exposed to the decline of the worst-performing index.

The notes (Cusip: 4042K1H30) will price May 4 and settle May 11.

HSBC Securities (USA) Inc. is the agent.

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