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HSBC plans buffered AMPS linked to S&P 500, Russell 2000 index basket
By Wendy Van Sickle
Columbus, Ohio, Nov. 19 – HSBC USA Inc. plans to price 0% buffered Accelerated Market Participation Securities due Nov. 30, 2017 linked to a basket of two unequally weighted indexes, according to an FWP filed with the Securities and Exchange Commission.
The basket consists of the S&P 500 index with a 60% weight and the Russell 2000 index with a 40% weight.
Payout at maturity will be par plus 110% of any gain on the basket, up to a maximum return of at least 26%. The exact cap will be set at pricing.
Investors will receive par if the basket falls by up to 10% and will be exposed to declines beyond 10%.
HSBC Securities (USA) Inc. is the agent.
The notes will price on Nov. 24 and settle on Nov. 30.
The Cusip number is 40433UDP8.
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