HSBC plans to price PLUS linked to Energy Select Sector SPDR fund

By Angela McDaniels

Tacoma, Wash., Feb. 2 – HSBC USA Inc. plans to price 0% Performance Leveraged Upside Securities due June 2, 2016 linked to the Energy Select Sector SPDR Fund, according to an FWP filing with the Securities and Exchange Commission.

If the ETF return is positive, the payout at maturity will be par of $10 plus 300% of the ETF return, subject to a maximum return of 18%. If the ETF return is negative, investors will have one-to-one exposure to the decline.

HSBC Securities (USA) Inc. is the agent. Distribution is through Morgan Stanley Wealth Management.

The notes are expected to price Feb. 27 and settle March 4.

The Cusip number is 40434F439.

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