HSBC to price autocallable return enhanced notes linked to Topix index

By Angela McDaniels

Tacoma, Wash., May 8 - HSBC USA Inc. plans to price 0% autocallable return enhanced notes due May 29, 2014 linked to the Topix index, according to an FWP filing with the Securities and Exchange Commission.

The notes will be automatically called if the index's closing level is greater than or equal to 103.7% of the initial index level on Aug. 22, 2013, Nov. 21, 2013 or Feb. 20, 2014. The redemption price is 107.42% of par.

If the notes are not called, the payout at maturity will be par plus 200% of any index gain, subject to a maximum return of 7.42%. If the index return is negative, investors will be fully exposed to the decline.

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

The notes will price May 10 and settle May 15.

The Cusip number is 40432XFF3.

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