HSBC plans 18-month buffered AMPS on iShares MSCI Emerging Markets

By Marisa Wong

Madison, Wis., Feb. 1 - HSBC USA Inc. plans to price 0% buffered Accelerated Market Participation Securities due Aug. 28, 2013 linked to the iShares MSCI Emerging Markets index fund, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus two times any fund gain, subject to a cap of 20% to 24%. The exact cap will be set at pricing.

Investors will receive par if the fund share price falls by up to 10% and will be exposed to declines beyond 10%.

The notes (Cusip: 4042K1WR0) are expected to price Feb. 23 and settle Feb. 28.

HSBC Securities (USA) Inc. is the agent.

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