HSBC plans 18-month AMPS tied to Russell 2000 index with 21%-26% cap

By Susanna Moon

Chicago, April 29 - HSBC USA Inc. plans to price 0% Accelerated Market Participation Securities due Nov. 26, 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 triple any index gain, up to a maximum return of 21% to 26%. The exact cap will be set at pricing.

Investors will be exposed to any losses.

HSBC Securities (USA) Inc. is the agent.

The notes will price on May 20 and settle on May 25.

The Cusip is 4042K1HD8.

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