HSBC plans 0% Capped Leveraged Index Return notes linked to Dow Jones

By Devika Patel

Knoxville, Tenn., May 28 – HSBC USA Inc. will price 0% Capped Leveraged Index Return Notes linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission. The notes, which are due in about five years, will be sold in $10.00 increments.

If the index return is positive, the payout at maturity will be par plus 101% to 121% of the index return. Investors will receive par if the index falls by up to 20% and be exposed to losses beyond 20%.

Merrill Lynch & Co. is the underwriter.

The notes will price and settle in June.

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