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HSBC plans to price two-year buffered AMPS linked to Russell 2000
New York, Sept. 1 – HSBC USA Inc. plans to price 0% buffered Accelerated Market Participation Securities due Oct. 2, 2017 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $1,000 plus double the index return, subject to a maximum return that is expected to be at least 21% and 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%.
HSBC Securities (USA) Inc. is the agent.
The notes will price on Sept. 25 and settle on Sept. 30.
The Cusip number is 40433B7C6.
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