HSBC plans to price 18-month AMPS with cap linked to Russell 2000

By Marisa Wong

Madison, Wis., Aug. 1 – HSBC USA Inc. plans to price 0% Accelerated Market Participation Securities due Feb. 29, 2016 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus triple any gain in the index, up to a maximum return of at least 18.5%. 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 Aug. 26 and settle on Aug. 29.

The Cusip number is 40433BKN7.

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