HSBC plans trigger PLUS tied to iShares MSCI Brazil with 38%-42% cap

By Susanna Moon

Chicago, July 29 - HSBC USA Inc. plans 0% trigger Performance Leveraged Upside Securities due Feb. 22, 2013 linked to the iShares MSCI Brazil index fund, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10.00 plus 1.5 times any gain in the fund, up to a maximum return of $13.80 to $14.20 per note.

Investors will receive par if the shares fall by up to 10% and will lose 1% for every 1% decline from the initial level if the shares fall by more than 10%.

HSBC Securities (USA) Inc. is the agent.

The notes will price on Aug. 25 and settle on Aug. 30.

The Cusip is 40433C627.

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