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HSBC to price two-year buffered AMPS linked to Facebook stock
By Angela McDaniels
Tacoma, Wash., Feb. 5 – HSBC USA Inc. plans to price 0% buffered Accelerated Market Participation Securities due Feb. 28, 2018 linked to the common stock of Facebook Inc., according to an FWP filing with the Securities and Exchange Commission.
If the stock return is positive, the payout at maturity will be par plus 150% of the stock return, subject to a maximum return that is expected to be at least 28% and will be set at pricing. Investors will receive par if the stock declines by up to the buffer amount and will lose 1% for every 1% that it declines beyond the buffer amount, which is expected to be 15% and will be set at pricing.
HSBC Securities (USA) Inc. is the agent.
The notes are expected to price Feb. 24.
The Cusip number is 40433UHM1.
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