HSBC USA plans to price two-year 0% AMPS linked to FTSE 100 index

By Jennifer Chiou

New York, Sept. 2 - HSBC USA Inc. plans to price 0% Accelerated Market Participation Securities due September 2012 linked to the FTSE 100 index, as adjusted by the exchange rate between the British pound sterling and the dollar, according to an FWP with the Securities and Exchange Commission.

The initial index level and the final index level will each be multiplied by the then-current exchange rate.

The payout at maturity will be par plus five times any index gain, up to a maximum return of 35% to 45%. The exact cap will be set at pricing. Investors will be exposed to any index decline.

The notes (Cusip 4042K05S0) are expected to price and settle in September.

HSBC Securities (USA) Inc. is the agent.

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