HSBC plans trigger autocallable optimization notes on iShares MSCI EM

By Susanna Moon

Chicago, July 25 - HSBC USA Inc. plans to price 0% trigger autocallable optimization securities due July 31, 2017 linked to the iShares MSCI Emerging Markets index fund, according to an FWP filing with the Securities and Exchange Commission.

The notes will be called at par plus an annualized return of 8.1% to 10.1% 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 65% 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 July 27 and settle July 31.

The Cusip number is 40433M344.

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