HSBC plans to price five-year market-linked notes tied to S&P 500

By Marisa Wong

Morgantown, W.Va., Oct. 5 – HSBC USA Inc. plans to price 0% market-linked notes due Oct. 12, 2022 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

If the index return is zero or positive, the payout at maturity will be par plus the index return, subject to a maximum gain of 60% to 70%. If the index falls, the payout will be par.

HSBC Securities (USA) Inc. and UBS Financial Services Inc. are the agents.

The notes will price Oct. 6.

The Cusip number is 40435FHY6.

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