HSBC plans 18-month buffered AMPS linked to Russell 2000 index

By Jennifer Chiou

New York, Nov. 28 - HSBC USA Inc. plans to price 0% buffered Accelerated Market Participation Securities due June 27, 2013 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 index gain, subject to a maximum return that is expected to be 25% to 29% and 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 the index declines beyond 10%.

The notes (Cusip: 4042K1TR4) are expected to price on Dec. 22 and settle on Dec. 28.

HSBC Securities (USA) Inc. is the agent.

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