HSBC to price 18-month AMPS with cap linked to Russell 2000 index

By Toni Weeks

San Luis Obispo, Calif., Dec. 5 - HSBC USA Inc. plans to price 0% Accelerated Market Participation Securities due June 26, 2015 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 gain in the index, up to a maximum return of 19.5% to 23.5%. The exact cap will be set at pricing.

Investors will be fully exposed to losses if the index declines.

HSBC Securities (USA) Inc. is the agent.

The notes will price Dec. 20 and settle Dec. 26.

The Cusip number is 40432XP96.

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