HSBC plans buffered AMPS with cap due 2021 tied to Russell 2000

By Sarah Lizee

Olympia, Wash., July 11 – HSBC USA Inc. plans to price 0% buffered Accelerated Market Participation Securities due Aug. 5, 2021 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 200% of any index gain, up to a maximum return of at least 19%.

Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline beyond 10%.

HSBC Securities (USA) Inc. is the agent.

The notes will price on July 31.

The Cusip number is 40435URR7.

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