HSBC plans bearish buffered AMPS tied to S&P MidCap 400, Russell 2000

By Angela McDaniels

Tacoma, Wash., Nov. 14 - HSBC USA Inc. plans to price 0% bearish buffered Accelerated Market Participation Securities due Nov. 21, 2013 linked to the S&P MidCap 400 index with a 60% weight and the Russell 2000 index with a 40% weight, according to an FWP filing with the Securities and Exchange Commission.

If the basket return is less than zero, the payout at maturity will be par plus 200% of the absolute return of the basket, subject to a maximum return of 25% to 30%. The exact cap will be set at pricing. Investors will receive par if the basket increases by 15% or less and will lose 1% for every 1% that it increases beyond 15%.

The notes (Cusip: 4042K1SS3) will price Nov. 18 and settle Nov. 23.

HSBC Securities (USA) Inc. is the agent.

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