HSBC plans PLUS due 2015 with 13.3% cap linked to Russell 2000

By Susanna Moon

Chicago, July 7 – HSBC USA Inc. plans to price 0% Performance Leveraged Upside Securities due Sept. 8, 2015 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any gain in the index, up to a maximum return of 13.3%.

Investors will be exposed to any losses.

HSBC Securities (USA) Inc. is the agent with Morgan Stanley Wealth Management as distributor.

The notes will price on July 31 and settle on Aug. 5.

The Cusip number is 40434C253.

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