HSBC plans 3.5-year barrier AMPS linked to SPDR S&P Oil & Gas

By Susanna Moon

Chicago, April 23 – HSBC USA Inc. plans to price 0% barrier Accelerated Market Participation Securities due October 2018 linked to the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to an FWP with the Securities and Exchange Commission.

The payout at maturity will be par plus double any gain in the fund, up to a maximum return of at least 55%. The exact cap will be set at pricing.

Investors will receive par if the fund falls by up to 25% and will be fully exposed to any losses if the fund finishes below the 75% barrier.

HSBC Securities (USA) Inc. is the agent.

The notes will price and settle in April.

The Cusip number is 40433BV21.

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