HSBC plans buffered AMPS linked to Russell 2000 with 17%-21% cap

By Angela McDaniels

Tacoma, Wash., Oct. 1 - HSBC USA Inc. plans to price 0% buffered Accelerated Market Participation Securities due April 30, 2014 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 double any index gain, subject to a maximum return of 17% to 21% 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 will price Oct. 25 and settle Oct. 30.

HSBC Securities (USA) Inc. is the agent.

The Cusip number is 4042K15N9.

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