HSBC plans to sell bearish AMPS linked to Russell 2000 due June 2012

By Marisa Wong

Madison, Wis., Dec. 10 - HSBC USA Inc. plans to price 0% Bearish Accelerated Market Participation Securities due June 21, 2012 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 300% of the absolute value of any index decline, subject to a maximum return of 21% to 25%. The exact cap will be set at pricing.

If the index gains, the payout will be par minus the return.

The securities (Cusip: 4042K1BP7) are expected to price on Dec. 17 and settle on Dec. 22.

HSBC Securities (USA) Inc. is the agent.

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