HSBC plans 18-month AMPS with cap on iShares MSCI Emerging Markets ETF

By Toni Weeks

San Luis Obispo, Calif., Dec. 5 - HSBC USA Inc. plans to price 0% Accelerated Market Participation Securities due June 26, 2015 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus triple any gain in the index, up to a maximum return of 20.5% to 24.5%. The exact cap will be set at pricing.

Investors will be fully exposed to losses if the index declines.

HSBC Securities (USA) Inc. is the agent.

The notes will price Dec. 20 and settle Dec. 26.

The Cusip number is 40432XPA3.

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