HSBC plans to price 18-month AMPS with cap linked to S&P 500 index

By Toni Weeks

San Luis Obispo, Calif., April 3 - HSBC USA Inc. plans to price 0% Accelerated Market Participation Securities due Oct. 26, 2015 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 gain in the index, up to a maximum return of at least 15%. The exact cap will be set at pricing.

Investors will be fully exposed to losses if the index declines.

HSBC Securities (USA) Inc. is the agent.

The notes will price April 22 and settle April 25.

The Cusip number is 40432XXT3.

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