HSBC plans to price 15-month AMPS linked to S&P 500 index

By Jennifer Chiou

New York, Oct. 3 – HSBC USA Inc. plans to price 0% Accelerated Market Participation Securities due Feb. 1, 2016 linked to the S&P 500 index, according to an FWP 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 12.5%. The exact cap will be set at pricing.

Investors will share in any losses.

The notes (Cusip: 40433BQY7) will price on Oct. 27 and settle on Oct. 30.

HSBC Securities (USA) Inc. is the agent.

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