HSBC plans return optimization notes linked to iShares MSCI EM fund

By Susanna Moon

Chicago, Feb. 21 - HSBC USA Inc. plans to price 0% return optimization securities due March 31, 2015 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus triple any gain in the fund, up to a maximum return of 14% to 16%. The exact cap will be set at pricing.

Investors will be exposed to any losses.

HSBC Securities (USA) Inc. will be the underwriter, with UBS Financial Services Inc. as the placement agent.

The notes will price on Feb. 25 and settle on Feb. 28.

The Cusip number is 40434B198.

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