HSBC plans buffered AMPS with 19%-23% cap tied to Russell 2000

By Susanna Moon

Chicago, March 1 - HSBC USA Inc. plans to price 0% buffered Accelerated Market Participation Securities due Oct. 1, 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 gain in the index, up to a maximum return of 19% to 23%.

Investors will receive par if the index falls by up to 10% and will be exposed to any decline beyond 10%.

HSBC Securities (USA) Inc. is the agent.

The notes will price on March 26 and settle on March 29.

The Cusip number is 4042K1YW7.

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