HSBC USA plans to offer 15-month AMPS linked to Russell 2000 index

By Susanna Moon

Chicago, Sept. 1 - HSBC USA Inc. plans to price 0% Accelerated Market Participation Securities due Dec. 29, 2011 based on the performance of the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus triple any index gain, up to a maximum return of 26% to 31%. The exact cap will be set at pricing.

Investors will be exposed to any losses.

The notes (Cusip 4042K05E1) will price on Sept. 23 and settle on Sept. 28.

HSBC Securities (USA) Inc. is the agent.

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