HSBC plans to price 24-month AMPS linked to Topix index

By Jennifer Chiou

New York, April 11 - HSBC USA Inc. plans to price Accelerated Market Participation Securities due April 2015 linked to the Topix index, according to an FWP with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.25 times any index gain, up to a maximum return of at least 30%. The exact cap will be set at pricing.

Investors will share in any losses.

The notes (Cusip: 40432XEA5) are expected to price and settle in April.

HSBC Securities (USA) Inc. is the agent.

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