HSBC plans leveraged capped notes due 2018 linked to S&P 500

By Susanna Moon

Chicago, Aug. 9 – HSBC USA Inc. plans to price 0% capped leveraged notes due in 18 to 21 months linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par plus 208.5% to 218.5% of any index gain, up to a maximum settlement amount of $1,208.50 to $1,218.50 per $1,000 principal amount.

Investors will be exposed to any losses.

The exact deal terms will be set at pricing.

HSBC Securities (USA) Inc. is the agent.

The Cusip number is 40433UTJ5.

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