HSBC plans one-year return enhanced notes linked to Hang Seng China

By Susanna Moon

Chicago, March 27 - HSBC USA Inc. plans to price 0% return enhanced notes due April 16, 2014 linked to the Hang Seng China Enterprises index and the 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 double any index gain, up to a maximum return of 35%.

Investors will be exposed to any losses.

HSBC Securities (USA) Inc. is the underwriter with J.P. Morgan Securities LLC as dealer.

The notes will price on March 28 and settle on April 3.

The Cusip number is 40432XD81.

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