HSBC plans return enhanced notes tied to basket of stocks via JPMorgan

By Toni Weeks

San Diego, April 6 - HSBC USA Inc. plans to price return enhanced notes due April 25, 2012 linked to a basket of 12 stocks, according to an FWP filing with the Securities and Exchange Commission.

The basket includes class B subordinate voting shares of Teck Resources Ltd. and the common stocks of Chesapeake Energy Corp., Range Resources Corp., Southwestern Energy Co., Exxon Mobile Corp., Cenovus Energy Inc., ConocoPhillips, Baker Hughes Inc., Halliburton Co., Noble Corp., Arch Coal, Inc. and Consol Energy Inc.; each component is weighted at 8.33%.

Investors will receive two times any gain in the basket at maturity, capped at a gain of 27%.

Investors will be fully exposed to any losses.

J.P. Morgan Securities LLC is the agent.

The notes (Cusip: 4042K1GF4) are expected to price April 8 and settle April 13.

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