HSBC plans market plus notes due 2018 linked to S&P 500

By Susanna Moon

Chicago, Oct. 12 – HSBC USA Inc. plans to price 0% market plus notes due April 18, 2018 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

If the index gains or falls by up to the 19.5% knock-out buffer, the payout at maturity will be par plus the greater of any gain and the contingent minimum return of 0%.

Otherwise, investors will be fully exposed to any losses.

HSBC Securities (USA) Inc. is the underwriter, and J.P. Morgan Securities LLC and JPMorgan Chase Bank NA are the dealers.

The notes will price on Oct. 14 and settle on Oct. 19.

The Cusip number is 40433UXT8.

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