HSBC USA plans to price 18-month AMPS linked to DAX index

By Jennifer Chiou

New York, Sept. 2 - HSBC USA Inc. plans to price 0% Accelerated Market Participation Securities due March 2012 linked to the DAX index, according to an FWP with the Securities and Exchange Commission.

Stocks and companies included in the DAX index are publicly traded in Germany.

The payout at maturity will be par plus double any index gain, up to a maximum return of 20% to 22%. The exact cap will be set at pricing.

Investors will be exposed to any losses.

The notes (Cusip 4042K05Q4) will price and settle in September.

HSBC Securities (USA) Inc. is the agent.

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