HSBC to price 5% limited loss notes due 2020 linked to HSBC Vantage5

By Marisa Wong

Morgantown, W.Va., May 29 – HSBC USA Inc. plans to price zero-coupon 5% limited loss notes due June 5, 2020 linked to the HSBC Vantage5 Index (USD) Excess Return, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus at least 170% of any index gain.

If the index falls, the payout will be par plus the index return, subject to a minimum payment of $950 per $1,000 principal amount.

HSBC Securities (USA) Inc. is the agent.

The notes will price on May 31.

The Cusip number is 40435FA23.

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