HSBC moves back pricing of 27-month buffered AMPS linked to Market Vectors Gold Miners ETF

By Jennifer Chiou

New York, June 7 - HSBC USA Inc. now plans to price its 0% buffered Accelerated Market Participation Securities due Sept. 16, 2013 linked to the Market Vectors Gold Miners exchange-traded fund on June 17 instead of on June 10, according to an FWP with the Securities and Exchange Commission.

As already reported, the payout at maturity will be par plus double any fund gain, subject to a cap of 18% to 22%.

Investors will receive par if the fund falls by up to 20% and will be exposed to declines beyond 20%.

The notes (Cusip: 4042K1HV8) are now expected to settle on June 22, pushed back from June 15.

HSBC Securities (USA) Inc. is the agent.

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