HSBC plans 15-month accelerated market securities on Russell 2000

By Susanna Moon

Chicago, Oct. 1 - HSBC USA Inc. plans to price 0% Accelerated Market Participation Securities due Jan. 30, 2012 based on the performance of the Russell 2000 index, according to an FWP with the Securities and Exchange Commission.

The payout at maturity will be par plus triple any index gain, up to a maximum return of 21.5% to 26.5%. The exact cap will be set at pricing.

Investors will be exposed to any index decline.

The notes (Cusip 4042K06E0) will price on Oct. 25 and settle on Oct. 28.

HSBC Securities (USA) Inc. is the agent.

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