HSBC to price one-year AMPS linked to Indian rupee versus dollar

By Jennifer Chiou

New York, Jan. 14 - HSBC USA Inc. plans to price 0% Accelerated Market Participation Securities due January 2014 linked to the Indian rupee relative to the dollar, according to an FWP with the Securities and Exchange Commission.

If the currency return is zero or positive, the payout at maturity will be par plus at least 450% of the currency return. The exact participation rate will be determined at pricing.

If the renminbi return is negative, investors will share in those losses.

The notes (Cusip: 40432X7H8) are expected to price and settle in January.

HSBC Securities (USA) Inc. will be the agent.

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