HSBC plans contingent buffered enhanced notes tied to 11 stocks

By Marisa Wong

Madison, Wis., Aug. 8 - HSBC USA Inc. plans to price 0% contingent buffered enhanced notes due Aug. 28, 2013 linked to a basket of 11 stocks, according to an FWP filing with the Securities and Exchange Commission.

The basket includes equal weights of Apple Inc., Coach, Inc., Google Inc., Mead Johnson Nutrition Co., Mylan Inc., Las Vegas Sands Corp., Starbucks Corp., Starwood Hotels & Resorts Worldwide, Inc., Tiffany & Co., Wynn Resorts, Ltd. and YUM! Brands, Inc.

If the final basket level is at least 80% of the initial basket level, the payout at maturity will be par plus the basket return, subject to a minimum return of 0% and a maximum return of 21%.

If the final basket level is less than 80% of the initial basket level, investors will be fully exposed to the basket's decline from the initial level.

The notes (Cusip: 4042K13G6) will price on Aug. 10 and settle on Aug. 15.

HSBC Securities (USA) Inc. is the underwriter with J.P. Morgan Securities LLC as placement agent.

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