HSBC plans to price PLUS linked to S&P 500 index

By Marisa Wong

Madison, Wis., Jan. 2 - HSBC USA Inc. plans to price 0% buffered Performance Leveraged Upside Securities due March 2015 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

If the final index level is greater than the initial level, the payout at maturity will be par plus 300% of the gain, subject to a maximum return of at least 11% that will be set at pricing. Investors will be fully exposed to any index decline.

The notes (Cusip: 40434B511) are expected to price in January and settle in February.

HSBC Securities (USA) Inc. is the agent.

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