HSBC to price buffered AMPS with lookback feature linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Oct. 8 - HSBC USA Inc. plans to price 0% buffered Accelerated Market Participation Securities with lookback feature due October 2015 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The initial index level will be the lowest official closing level of the index during the observation period, which will be the period from and including the pricing date to and including the ninth trading day following the pricing date.

The payout at maturity will be par plus double any gain in the index, up to a maximum return of at least 12.6%. The exact cap will be set at pricing. Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline beyond 10%.

HSBC Securities (USA) Inc. is the agent.

The notes will price and settle in October.

The Cusip number is 40432XMJ7.

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