HSBC plans to price 0% buffered AMPS linked to Russell 2000 index

By Toni Weeks

San Diego, July 25 - HSBC USA Inc. plans to price 0% buffered Accelerated Market Participation Securities due Feb. 26, 2013 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any increase in the index, subject to a cap of 16% to 20%.

Investors will receive par if the index declines by up to 10% and will lose 1% for every 1% drop beyond 10%.

The notes (Cusip: 4042K1LL5) are expected to price on Aug. 19 and settle Aug. 26.

HSBC Securities (USA) Inc. will be the agent.

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