HSBC to price Accelerated Return Notes linked to Nikkei Stock Average

By Angela McDaniels

Tacoma, Wash., April 16 - HSBC USA Inc. plans to price 0% Accelerated Return Notes due June 2014 linked to the Nikkei Stock Average index via BofA Merrill Lynch, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any increase in the index, subject to a maximum return of 10% to 14% that will be set at pricing. If the index declines, investors will be fully exposed to the loss.

The notes are expected to price in April and settle in May.

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