HSBC plans two-year buffered AMPS with 23%-28% cap linked to gold

By Susanna Moon

Chicago, Jan. 6 - HSBC USA Inc. plans to price 0% buffered Accelerated Market Participation Securities due Jan. 23, 2014 linked to the spot price of gold, according to an FWP with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.5 times any gain in the gold price, up to a maximum return of 23% to 28%. The exact cap will be set at pricing.

Investors will receive par if the price of gold falls by up to 10% and will be exposed to any decline beyond 10%.

HSBC Securities (USA) Inc. is the agent.

The notes will price on Jan. 18 and settle on Jan. 23.

The Cusip number is 4042K1UB7.

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