HSBC plans five-year 95%-protected market-tied notes on Hang Seng China

By Susanna Moon

Chicago, March 11 – HSBC USA Inc. plans to price 0% market-linked notes due March 31, 2020 tied to the Hang Seng China Enterprises index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any index gain, up to a maximum return of 50% to 55%. The exact cap will be set at pricing.

If the index falls, the payout will be par plus the index return, subject to a minimum return of 95% of par.

HSBC Securities (USA) Inc. and UBS Financial Services Inc. are the agents.

The notes will price on March 27 and settle on March 31.

The Cusip number is 40433BH50.

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