HSBC plans performance barrier notes due 2017 linked to Asian indexes

By Marisa Wong

Madison, Wis., May 6 - HSBC USA Inc. plans to price 0% performance barrier notes due Nov. 30, 2017 linked to a basket of equally weighted indexes, according to an FWP filing with the Securities and Exchange Commission.

The underlying indexes are the Hang Seng China Enterprises index, the Korea Composite Stock Price Index 200 and the MSCI Taiwan index.

The payout at maturity will be par plus at least 130% of any basket gain. The exact upside participation rate will be set at pricing.

Investors will receive par if the basket falls by up to 25% and will be fully exposed to any losses if it drops below the 75% barrier level.

HSBC Securities (USA) Inc. is the underwriter.

The notes will price on May 27 and settle on May 30.

The Cusip number is 40433BBC1.

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