HSBC moves up pricing dates of six buffered AMPS offerings

By Angela McDaniels

Tacoma, Wash., Feb. 25– HSBC USA Inc. changed the pricing date of six offerings of 0% buffered Accelerated Market Participation Securities to March 24 from March 28, according to FWP filings with the Securities and Exchange Commission.

The change affects the following securities:

• Buffered AMPS due April 2, 2018 linked to the S&P 500 index (Cusip: 40433UJG2);

• Buffered AMPS due April 2, 2018 linked to the Russell 2000 index (Cusip: 40433UJH0);

• Buffered AMPS due April 2, 2018 linked to the Euro Stoxx 50 index (Cusip: 40433UJJ6);

• Buffered AMPS due Oct. 1, 2018 linked to the S&P 500 (Cusip: 40433UJK3);

• Buffered AMPS due Oct. 1, 2018 linked to the Russell 2000 (Cusip: 40433UJL1); and

• Buffered AMPS due Oct. 1, 2018 linked to the Euro Stoxx 50 (Cusip: 40433UJM9).

In each case, if the index return is positive, the payout at maturity will be par plus double the index return, subject to a maximum return that will be set at pricing. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.

The maximum returns for the offerings are expected to be at least 21%, 25%, 28%, 23%, 27% and 31%, respectively.

HSBC Securities (USA) Inc. is the agent for each offering.

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