HSBC to price buffered AMPS linked to Energy Select Sector SPDR Fund

By Angela McDaniels

Tacoma, Wash., March 2 – HSBC USA Inc. plans to price 0% buffered Accelerated Market Participation Securities due Sept. 26, 2017 linked to the Energy Select Sector SPDR Fund, according to an FWP filing with the Securities and Exchange Commission.

If the ETF return is positive, the payout at maturity will be par plus double the ETF return, subject to a maximum return that is expected to be at least 21% and will be set at pricing. Investors will receive par if the ETF declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.

HSBC Securities (USA) Inc. is the agent.

The notes are expected to price March 23 and settle March 26.

The Cusip number is 40433BF37.

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