HSBC to price three-year AMPS on basket of two indexes, two ETFs

By Wendy Van Sickle

Columbus, Ohio, March 11 – HSBC USA Inc. plans to price 0% Accelerated Market Participation Securities due April 1, 2019 linked to a basket of two indexes and two exchange-traded, funds, according to an FWP filing with the Securities and Exchange Commission.

The basket components are the S&P 500 index with a 40% weight, the Russell 2000 index with a 20% weight, the iShares MSCI EAFE exchange-traded fund with a 30% weight and the iShares MSCI Emerging Markets exchange-traded fund with a 10% weight.

If the basket return is positive, the payout at maturity will be par plus triple the basket return, subject to a maximum return of at least 45% that will be set at pricing. Investors will be fully exposed to any decline in the basket.

HSBC Securities (USA) Inc. is the agent.

The notes are expected to price March 24.

The Cusip number is 40433UJY3.

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