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HSBC to price buffered AMPS linked to S&P 500 ESG index
By Sarah Lizee
Olympia, Wash., March 5 – HSBC USA Inc. plans to price 0% buffered Accelerated Market Participation Securities due March 20, 2023 linked to the S&P 500 ESG index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.2 times any index gain, up to a maximum payout of 24%.
Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond 10%.
HSBC Securities (USA) Inc. is the agent.
The notes will price on March 13.
The Cusip number is 40435U6M1.
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