HSBC plans Accelerated Return Notes tied to MSCI EAFE via Merrill

By Marisa Wong

Madison, Wis., March 30 - HSBC USA Inc. plans to price 0% Accelerated Return Notes due June 2013 linked to the MSCI EAFE index, according to an FWP filing with the Securities and Exchange Commission.

Bank of America Merrill Lynch is the agent.

The payout at maturity is par of $10.00 plus triple any gain in the index, up to a maximum payment of $11.60 to $12.00 per note. The exact maximum payment will be determined at pricing.

Investors will be fully exposed to any index decline.

The notes are expected to price in April and settle in May.

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