HSBC plans 18-month buffered AMPS tied to iShares FTSE/Xinhua China

By Susanna Moon

Chicago, Feb. 27 - HSBC USA Inc. plans to price 0% buffered Accelerated Market Participation Securities due Aug. 28, 2013 linked to the iShares FTSE/Xinhua China 25 index fund, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any fund gain, up to a maximum return of 20% to 23.5%. The exact cap will be set at pricing.

Investors will receive par if the fund share price falls by up to 10% and will be exposed to any decline beyond 10%.

HSBC Securities (USA) Inc. is the agent.

The notes will price on March 9 and settle on March 16.

The Cusip number is 4042K1YB3.

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