HSBC plans 18-month buffered AMPS linked to iShares FTSE/Xinhua China 25 index fund

By Angela McDaniels

Tacoma, Wash., June 29 - HSBC USA Inc. plans to price 0% buffered Accelerated Market Participation Securities due Jan. 30, 2012 linked to the iShares FTSE/Xinhua China 25 index fund, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any fund gain, subject to a maximum return of 22% to 27% that will be set at pricing. Investors will receive par if the shares fall by 10% or less and will be exposed to any decline beyond 10%.

The notes are expected to price July 23 and settle July 28.

HSBC Securities (USA) Inc. is the agent.

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