HSBC plans PLUS linked to SPDR S&P Oil & Gas Exploration & Production

By Angela McDaniels

Tacoma, Wash., Oct. 7 – HSBC USA Inc. plans to price 0% Performance Leveraged Upside Securities due Jan. 20, 2017 linked to the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

If the final share price is greater than the initial share price, the payout at maturity will be par of $10 plus 300% of the fund return, subject to a maximum return of 37%. If the final share price is less than the initial share price, 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 Oct. 16.

The Cusip number is 40434K719.

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