HSBC plans 3.5-year barrier AMPS with cap linked to Russell 2000

By Susanna Moon

Chicago, Dec. 3 – HSBC USA Inc. plans to price 0% barrier Accelerated Market Participation Securities due June 29, 2018 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 1.5 times any gain in the index, up to a maximum return of at least 49%. The exact cap will be set at pricing.

Investors will receive par if the index falls by up to 25% and will be fully exposed to any losses if the index finishes below the 75% barrier.

HSBC Securities (USA) Inc. is the agent.

The notes will price on Dec. 19 and settle on Dec. 29.

The Cusip number is 40433BUE6.

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