HSBC amends PLUS due 2014 linked to S&P 500 to set cap range

By Susanna Moon

Chicago, June 10 - HSBC USA Inc. set the cap range for its 0% Performance Leveraged Upside Securities due Aug. 4, 2014 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10.00 plus double any index gain, up to a maximum payout of $11.25 to $11.65 per note. The exact cap will be set at pricing. The issuer originally set the cap would be at least $11.25 per note.

Investors will be exposed to any losses.

HSBC Securities (USA) Inc. is the agent with Morgan Stanley Smith Barney LLC handling distribution.

The notes will price on June 28 and settle on July 3.

The Cusip number is 40433X589.

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