HSBC plans three-year buffered AMPS with 25%-30% cap on Russell 2000

By Jennifer Chiou

New York, Feb. 3 - HSBC USA Inc. plans to price 0% buffered Accelerated Market Participation Securities due Feb. 21, 2014 linked to the Russell 2000 index, according to an FWP with the Securities and Exchange Commission.

The payout at maturity will be par plus double any increase in the index, subject to a maximum return of 25% to 30% that will be set at pricing. Investors will receive par if the index declines by 20% or less and will lose 1% for every 1% that it declines beyond 20%.

The notes (Cusip: 4042K1DN0) will price on Feb. 18 and settle on Feb. 24.

HSBC Securities (USA) Inc. is the agent.

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