HSBC plans 0% barrier notes due 2018 linked to Russell 2000 index

By Wendy Van Sickle

Columbus, Ohio, Oct. 27 – HSBC USA Inc. plans to price 0% barrier market participation securities due Nov. 30, 2018 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be at least 100% of the gain. The exact upside participation rate will be set at pricing.

Investors will receive par if the index declines by 25% or less and will be fully exposed to losses if the index declines beyond 25%.

HSBC Securities (USA) Inc. is the agent.

The notes will price on Nov. 24 and settle on Nov. 30.

The Cusip number is 40433UCS3.

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