HSBC plans buffered AMPS linked to SPDR S&P Metals & Mining ETF

By Angela McDaniels

Tacoma, Wash., Oct. 1 - HSBC USA Inc. plans to price 0% buffered Accelerated Market Participation Securities due April 30, 2014 linked to the SPDR S&P Metals & Mining exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any fund gain, subject to a maximum return of 18% to 22% that will be set at pricing. Investors will receive par if the fund declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.

The notes will price Oct. 25 and settle Oct. 30.

HSBC Securities (USA) Inc. is the agent.

The Cusip number is 4042K15U3.

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