HSBC plans Capped Leveraged Index Return Notes tied to S&P 500

By Marisa Wong

Morgantown, W.Va., Nov. 8 – HSBC USA Inc. plans to price 0% Capped Leveraged Index Return Notes due November 2018 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus double the index gain, subject to a maximum return of 12% to 16%.

If the index falls by up to 10%, the payout will be par.

Investors will lose 1% for each 1% decline beyond 10%.

BofA Merrill Lynch is the agent.

The notes will price and settle in November.

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