HSBC plans two-year buffered AMPS with cap tied to S&P 500

By Susanna Moon

Chicago, March 1 – HSBC USA Inc. plans to price 0% buffered Accelerated Market Participation Securities due Feb. 1, 2021 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 double any index gain, up to a maximum return of at least 15%.

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 March 4.

The Cusip number is 40435UGV0.

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