HSBC plans 18-month digital dual directional notes linked to Dax

By Susanna Moon

Chicago, Oct. 15 – HSBC USA Inc. plans to price 0% digital dual directional notes due April 2017 linked to the Deutsche Borse AG German Stock Price index, according to an FWP filing with the Securities and Exchange Commission.

If the index finishes at or above the 85% barrier level, the payout at maturity will be par plus the greater of the minimum upside return of 5% and any index gain up to a maximum return of 16%.

Otherwise, investors will be fully exposed to any losses.

HSBC Securities (USA) Inc. is the underwriter.

The notes will price and settle in October.

The Cusip number is 40433UBU9.

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