HSBC plans to price PLUS due 2015 linked to S&P MidCap 400 index

By Jennifer Chiou

New York, March 5 - HSBC USA Inc. plans to price 0% Performance Leveraged Upside Securities due May 4, 2015 linked to the S&P MidCap 400 index, according to an FWP with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any index gain, up to a maximum payment of at least $11.15 per note.

Investors will be fully exposed to losses if the index declines.

The notes (Cusip: 40434B115) are expected to price on March 31 and settle on April 3.

HSBC Securities (USA) Inc. is the agent with Morgan Stanley Smith Barney LLC as distributor.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.