HSBC intends to price 18-month AMPS tied to S&P 500 index

By E. Janene Geiss

Philadelphia, Sept. 28 - HSBC USA Inc. plans to price 0% Accelerated Market Participation Securities due April 29, 2013 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 three times any increase in the index, subject to a cap of 24% to 30%. The exact cap will be set at pricing.

Investors will be fully exposed to any losses.

The notes (Cusip: 4042K1PK3) are expected to price Oct. 24 and settle Oct. 27.

HSBC Securities (USA) Inc. is the agent.

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