HSBC plans 14-month Accelerated Return Notes on Energy Select Sector

By Susanna Moon

Chicago, Feb. 29 - HSBC USA Inc. plans to price 0% Accelerated Return Notes due May 2013 linked to the Energy Select Sector index, according to an FWP filing with the Securities and Exchange Commission.

Bank of America Merrill Lynch is the agent.

The payout at maturity will be par of $10.00 plus triple any gain in the index, up to a maximum payment of $11.70 to $12.10 per note. The exact cap will be set at pricing.

Investors will be exposed to any losses.

The notes will price in March and settle in April.

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