HSBC plans buffered AMPS linked to S&P 500 and Russell 2000 indexes

By Devika Patel

Knoxville, Tenn., Dec. 7 – HSBC USA Inc. plans to price 0% buffered Accelerated Market Participation Securities due Dec. 18, 2017 linked to a basket of two unequally weighted indexes, according to an FWP filed with the Securities and Exchange Commission.

The basket consists of the S&P 500 index with a 60% weight and the Russell 2000 index with a 40% weight.

Payout at maturity will be par plus 110% of any gain on the basket, up to a maximum return of at least 24%. The exact cap will be set at pricing.

Investors will receive par if the basket falls by up to 10% and will be exposed to declines beyond 10%.

HSBC Securities (USA) Inc. is the agent.

The notes (Cusip: 40433UFA9) will price on Dec. 15 and settle on Dec. 18.

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