HSBC plans to price 13-month AMPS linked to Russell 2000 index

By Angela McDaniels

Tacoma, Wash., July 28 - HSBC USA Inc. plans to price 0% Accelerated Market Participation Securities due Sept. 29, 2011 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 triple any index gain, subject to a maximum return of 25% to 30% that will be set at pricing. Investors will be exposed to any index decline.

The notes (Cusip: 4042K04C6) are expected to price Aug. 24 and settle Aug. 27.

HSBC Securities (USA) Inc. is the agent.

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