HSBC USA plans to price 13-month 0% AMPS linked to Russell 2000

By Jennifer Chiou

New York, Aug. 31 - HSBC USA Inc. plans to price 0% Accelerated Market Participation Securities due Oct. 27, 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 26% to 31% that will be set at pricing. Investors will be exposed to any index decline.

The notes (Cusip 4042K05B7) are expected to price on Sept. 23 and settle on Sept. 28.

HSBC Securities (USA) Inc. is the agent.

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