HSBC updates cap on upcoming buffered AMPS linked to Euro Stoxx 50

By Devika Patel

Knoxville, Tenn., Dec. 12 – HSBC USA Inc. amended the cap for its upcoming 0% buffered Accelerated Market Participation Securities due Dec. 31, 2018 linked to the Euro Stoxx 50 index, according to an FWP filed with the Securities and Exchange Commission.

If the index increases, the payout at maturity will be par plus 200% of the return, subject to a maximum return of at least 36%. The exact cap will be set at pricing. Previously, the issuer said the cap would be at least 33.5%.

If the index falls by up to 10%, the payout at maturity will be par.

Investors will lose 1% for each 1% decline beyond 10%.

HSBC Securities (USA) Inc. is the agent.

The notes (Cusip: 40433UC53) will price on Dec. 21 and settle on Dec. 27.

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