HSBC plans 9% one-year autocallable yield notes tied to indexes, fund

By Susanna Moon

Chicago, Feb. 3 - HSBC USA Inc. plans to price autocallable yield notes due Feb. 14, 2013 linked to the S&P 500 index, the Russell 2000 index and the iShares MSCI Brazil index fund, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be at least 9% and is payable quarterly.

The notes will be called at par if each index or fund closes at or above its initial level on any of four quarterly observation dates.

The payout at maturity will be par unless any component dips below the 62.5% trigger level during the life of the notes and finishes below the initial level, in which case investors will receive par plus the return of the worst-performing component.

HSBC Securities (USA) Inc. is the underwriter.

The notes will price on Feb. 10 and settle on Feb. 15.

The Cusip number is 4042K1XH1.

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