HSBC plans to price 15-month buffered AMPS linked to Russell 2000

By Jennifer Chiou

New York, Dec. 30 - HSBC USA Inc. plans to price 0% buffered Accelerated Market Participation Securities due April 27, 2012 linked to the Russell 2000 index, according to an FWP 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 14% to 19% that will be set at pricing. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.

The notes (Cusip: 4042K1BW2) will price on Jan. 24 and settle on Jan. 27.

HSBC Securities (USA) Inc. is the agent.

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