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

By Susanna Moon

Chicago, Sept. 17 – HSBC USA Inc. plans to price 0% buffered Accelerated Market Participation Securities due March 30, 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 double any gain in the index, up to a maximum return of 13% to 13.5%. The exact cap will be set at pricing.

Investors will receive par if the index falls by up to 10% and will be exposed to any losses beyond 10%.

HSBC Securities (USA) Inc. is the agent.

The notes will price on Sept. 25 and settle on Sept. 30.

The Cusip number is 40433BNT1.

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