HSBC plans return enhanced notes linked to Hang Seng China Enterprises

By Toni Weeks

San Luis Obispo, Calif., Feb. 8 - HSBC USA Inc. plans to price 0% return enhanced notes due Feb. 13, 2018 linked to the performance of the Hang Seng China Enterprises index and deliverable Chinese renminbi relative to the dollar, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 180% of any gain in the average composite return, which is the average of the composite returns on each of five valuation dates ending Feb. 8, 2018. The composite return is the index return multiplied by the currency return.

Investors will be exposed to any losses.

HSBC Securities (USA) Inc. is the underwriter, and J.P. Morgan Securities LLC is the agent.

The notes will price on Feb. 8 and settle on Feb. 13.

The Cusip number is 40432XBF7.

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