HSBC plans AMPS with 5x upside participation linked to FTSE 100 index

By Marisa Wong

Madison, Wis., March 9 – HSBC USA Inc. plans to price 0% Accelerated Market Participation Securities due March 13, 2018 linked to the FTSE 100 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 5 times any gain in the index, up to a maximum return of at least 53.5%. The exact cap will be set at pricing.

Investors will be exposed to any losses.

HSBC Securities (USA) Inc. is the agent.

The notes will price on March 10 and settle on March 13.

The Cusip number is 40433BH43.

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