HSBC plans contingent buffered notes on WisdomTree Japan fund

By Toni Weeks

San Luis Obispo, Calif., May 22 - HSBC USA Inc. plans to price 0% contingent buffered enhanced notes due Nov. 30, 2015 linked to the WisdomTree Japan Hedged Equity Fund, according to an FWP filing with the Securities and Exchange Commission.

If the fund finishes at or above the 80% knock-out level, the payout at maturity will be par plus the fund return, subject to a minimum return of 0% and a maximum return of 17.5%. Otherwise, investors will be fully exposed to losses.

The notes (Cusip: 40433BBM9) are expected to price May 23 and settle May 29.

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

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