HSBC plans three-year buffered AMPS linked to Russell 2000 index

By Angela McDaniels

Tacoma, Wash., Nov. 2 - HSBC USA Inc. plans to price 0% buffered Accelerated Market Participation Securities due Nov. 27, 2013 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any increase in the index, subject to a maximum return of 30% to 35% that will be set at pricing. Investors will receive par if the index declines by 25% or less and will lose 1% for every 1% that it declines beyond 25%.

The notes (Cusip 4042K06W0) will price Nov. 22 and settle Nov. 26.

HSBC Securities (USA) Inc. is the agent.

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