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

By Angela McDaniels

Tacoma, Wash., March 29 – HSBC USA Inc. plans to price 0% buffered Accelerated Market Participation Securities due Oct. 31, 2018 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 plus double the index return, subject to a maximum return that is expected to be at least 26% 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 are expected to price April 26.

The Cusip number is 40433UKV7.

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