HSBC plans 0% Accelerated Return Notes on Energy Select via Merrill

By Susanna Moon

Chicago, Nov. 23 - HSBC USA Inc. plans to price 0% Accelerated Return Notes due February 2013 linked to the Energy Select Sector index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any index gain, up to a maximum return of 24% to 28%. The exact cap will be set at pricing.

Investors will be exposed to any losses.

Bank of America Merrill Lynch is the agent.

The notes are expected to price and settle in January.

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