HSBC plans to price buffered AMPS on VanEck gold ETF

By Emma Trincal

New York, Aug. 5 – HSBC USA Inc. plans to price 0% buffered accelerated market participation securities due Sept. 3, 2024 linked to the VanEck Vectors Gold Miners ETF, according to an FWP filing with the Securities and Exchange Commission.

If the fund return is positive, the payout at maturity will be par plus double the fund return, capped at par plus at least 40.3%. The exact cap will be set at pricing.

Investors will receive par if the fund falls by 15% or less and will lose 1% for every 1% decline beyond the 15% buffer.

HSBC Securities (USA) Inc. is the agent.

The notes will price on Aug. 26 and settle on Aug. 31.

The Cusip number is 40441XFN5.

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