HSBC USA to price 13-month AMPS tied to iShares FTSE/Xinhua China 25

By Angela McDaniels

Tacoma, Wash., Nov. 2 - HSBC USA Inc. plans to price 0% Accelerated Market Participation Securities due Dec. 28, 2011 linked to the iShares FTSE/Xinhua China 25 index fund, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus triple any increase in the exchange-traded fund's share price, subject to a maximum return of 20.5% to 25.5% that will be set at pricing. Investors will be exposed to any share price decline.

The notes (Cusip 4042K07H2) will price Nov. 22 and settle Nov. 26.

HSBC Securities (USA) Inc. is the agent.

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