HSBC plans Accelerated Return Notes on S&P Regional Banks Select

By Jennifer Chiou

New York, March 10 – HSBC USA Inc. plans to price 0% Accelerated Return Notes due May 2016 linked to the S&P Regional Banks Select Industry index, according to an FWP with the Securities and Exchange Commission.

The payout at maturity will be par plus 300% of any index gain, capped at 15% to 19%. The exact cap will be set at pricing.

Investors will be exposed to any losses.

The notes are expected to price in March and settle in April.

BofA Merrill Lynch is the agent.

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