HSBC plans 18-month buffered AMPS with 12%-16% cap tied to S&P 500

By Susanna Moon

Chicago, July 2 - HSBC USA Inc. plans to price 0% buffered Accelerated Market Participation Securities due Jan. 30, 2014 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any gain in the index, up to a maximum return of 12% to 16%.

Investors will receive par if the index 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 July 25 and settle on July 30.

The Cusip number is 4042K1W25.

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