HSBC plans to offer 15-month AMPS tied to iShares FTSE/Xinhua China 25

By Susanna Moon

Chicago, Sept. 1 - HSBC USA Inc. plans to price 0% Accelerated Market Participation Securities due Dec. 29, 2011 based on the performance of the iShares FTSE/Xinhua China 25 index fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus triple any fund gain, up to a maximum return of 23.5% to 28.5%. The exact cap will be set at pricing.

Investors will be exposed to any losses.

The notes (Cusip 4042K05F8) will price on Sept. 23 and settle on Sept. 28.

HSBC Securities (USA) Inc. is the agent.

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