HSBC plans emerging markets CARS tied to real, rupee and renminbi

By Jennifer Chiou

New York, Nov. 8 - HSBC USA Inc. plans to price 0% two-year emerging markets Currency Accelerated Return Securities linked to equal weights of the Brazilian real, Indian rupee and Chinese renminbi, according to an FWP with the Securities and Exchange Commission.

The payout at maturity will be the greater of 90% of par and 120% to 150% of any basket gain against the dollar. The exact participation rate will be set at pricing.

The securities (Cusip: 4042K1AK9) will price on Nov. 24 and settle on Nov. 30.

HSBC Securities (USA) Inc. is the agent.

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