HSBC to price 18-month AMPS linked to iShares MSCI EM fund

By Jennifer Chiou

New York, July 9 - HSBC USA Inc. plans to price 0% Accelerated Market Participation Securities due Jan. 29, 2015 linked to the iShares MSCI EAFE index fund, according to an FWP with the Securities and Exchange Commission.

The payout at maturity will be par plus triple any fund gain, subject to a maximum return of 23% to 27% that will be set at pricing. Investors will be exposed to any fund decline.

The notes (Cusip: 40432XHQ7) will price on July 26 and settle on July 31.

HSBC Securities (USA) Inc. is the agent.

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