HSBC plans buffered AMPS linked to iShares MSCI Emerging Markets

By Angela McDaniels

Tacoma, Wash., Aug. 31 - HSBC USA Inc. plans to price 0% buffered Accelerated Market Participation Securities due March 27, 2014 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 double any fund gain, subject to a maximum return of 17% to 21% that will be set at pricing. Investors will receive par if the fund declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.

The notes will price Sept. 24 and settle Sept. 27.

HSBC Securities (USA) Inc. is the agent.

The Cusip number is 4042K13R2.

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