HSBC plans one-year AMPS with 400% leverage on Chinese renminbi

By Susanna Moon

Chicago, Jan. 18 - HSBC USA Inc. plans to price 0% Accelerated Market Participation Securities due January 2014 linked to the deliverable Chinese renminbi relative to the dollar, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus at least 400% of any currency gain. The exact participation rate will be set at pricing.

Investors will be exposed to any losses.

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

The notes will price and settle in January.

The Cusip number is 40432XA68.

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