HSBC plans to price two-year buffered AMPS linked to Facebook

By Tali Rackner

Norfolk, Va., March 18 – HSBC USA Inc. plans to price 0% buffered Accelerated Market Participation Securities due April 2, 2018 linked to the common stock of Facebook, Inc., according to an FWP filing with the Securities and Exchange Commission.

If the return is positive, the payout at maturity will be par plus 1.5 times the return, subject to a maximum return that is expected to be at least 29% and will be set at pricing.

Investors will receive par if the stock declines by 15% or less and will lose 1% for every 1% that it declines beyond 15%.

HSBC Securities (USA) Inc. is the agent.

The notes will price on March 28 and settle on March 31.

The Cusip number is 40433UJX5.

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