HSBC to price annual income opportunity securities linked to 12 stocks

By Angela McDaniels

Tacoma, Wash., Aug. 3 - HSBC USA Inc. plans to price annual income opportunity securities with auto cap due Aug. 29, 2013 linked to a basket of stocks, according to an FWP filing with the Securities and Exchange Commission.

The basket includes the common stocks of Amgen Inc. and Ebay Inc., the class B common stock of Nike Inc. and the American Depositary Shares of Astrazeneca plc, Barrick Gold Corp., Credit Suisse Group Corp., Petrochina Co. Ltd., Research In Motion Ltd., SAP AG, Sony Corp., UBS AG and Vodafone Group plc.

Interest is payable annually and will equal the average of the performances of the basket stocks, subject to a floor of zero.

If a basket stock's return is zero or positive, its performance will be fixed at 5% to 8%. If a basket stock's return is negative, its performance will be the greater of the stock return and negative 30%.

The payout at maturity will be par.

The notes (Cusip: 4042K04U6) will price Aug. 26 and settle Aug. 31.

HSBC Securities (USA) Inc. is the agent.

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