HSBC plans buffered notes on Russell 2000 with 21%-25% digital return

By Susanna Moon

Chicago, Jan. 23 - HSBC USA Inc. plans to price 0% digital buffered notes due July 30, 2013 tied to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above the initial level, the payout at maturity will be par plus a maximum upside return of 21% to 25%. The exact fixed payment will be set at pricing.

Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond 10%.

HSBC Securities (USA) Inc. is the agent.

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

The Cusip number is 4042K1VZ3.

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