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HSBC to price 2.5-year buffered AMPS with cap linked to Russell 2000
New York, July 7 – HSBC USA Inc. plans to price 0% buffered Accelerated Market Participation Securities due Jan. 31, 2019 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 of par plus at least 26%. The cap 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 on July 26 and settle on July 29.
The Cusip number is 40433UQS8.
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