HSBC to price 2.5-year buffered AMPS linked to Russell 2000 index

By Toni Weeks

San Luis Obispo, Calif., Feb. 2 – HSBC USA Inc. plans to price 0% buffered Accelerated Market Participation Securities due Aug. 25, 2017 linked to the Russell 2000 index, according to an FWP with the Securities and Exchange Commission.

The payout at maturity will be par plus two times any gain in the index, up to a maximum return of at least 20%. 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%.

The notes (Cusip: 40433BZV3) will price on Feb. 20 and settle on Feb. 25.

HSBC Securities (USA) Inc. is the agent.

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