HSBC plans to price 15-month AMPS linked to S&P 500 index

By Angela McDaniels

Tacoma, Wash., April 29 - HSBC USA Inc. plans to price 0% Accelerated Market Participation Securities due Aug. 23, 2012 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus triple any index gain, subject to a maximum return of 15% to 19% that will be set at pricing. Investors will be exposed to any index decline.

The notes (Cusip: 4042K1HA4) will price May 20 and settle May 25.

HSBC Securities (USA) Inc. is the agent.

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