HSBC to price uncapped AMPS linked to S&P 500 Low Volatility index

By Toni Weeks

San Luis Obispo, Calif., June 4 - HSBC USA Inc. plans to price 0% uncapped Accelerated Market Participation Securities due June 24, 2016 linked to the S&P 500 Low Volatility index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 180% to 200% of any index gain, with the exact participation rate to be set at pricing.

Investors will be fully exposed to any decline in the index.

The notes (Cusip: 40432XGN5) are expected to price June 21 and settle June 26.

HSBC Securities (USA) Inc. is the agent.

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