HSBC plans two-year buffered AMPS with cap linked to basket

By Sarah Lizee

Olympia, Wash., Nov. 4 – HSBC USA Inc. plans to price 0% buffered Accelerated Market Participation Securities due Nov. 15, 2021 linked to a basket consisting of the S&P 500 index with a 70% weight, the S&P MidCap 400 index with a 15% weight and the iShares MSCI EAFE exchange-traded fund with a 15% weight, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.5 times any basket gain, up to a maximum return of at least 15.2%.

Investors will receive par if the basket falls by up to 15% and will lose 1% for each 1% decline beyond 15%.

HSBC Securities (USA) Inc. is the agent.

The notes will price on Nov. 7.

The Cusip number is 40435UK29.

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