HSBC plans 18-month AMPS with 3 times leverage linked to S&P 500 index

By Susanna Moon

Chicago, April 2 - HSBC USA Inc. plans to price Accelerated Market Participation Securities due Oct. 30, 2014 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus triple any index gain, up to a maximum return of 17% to 21%. The exact cap will be set at pricing.

Investors will be exposed to any losses.

HSBC Securities (USA) Inc. is the agent.

The notes will price on April 25 and settle on April 30.

The Cusip number is 40432XDT5.

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