HSBC to price 3.5-year barrier AMPS linked to Russell 2000 index

By Toni Weeks

San Luis Obispo, Calif., June 2 – HSBC USA Inc. plans to price 0% barrier Accelerated Market Participation Securities due Dec. 26, 2018 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 150% of the index return, subject to a maximum return that is expected to be at least 47% and will be set at pricing. Investors will receive par if the index declines by 25% or less and will be fully exposed to the decline from the initial level if it declines by more than 25%.

HSBC Securities (USA) Inc. is the agent.

The notes (Cusip: 40433BX29) are expected to price June 19 and settle June 26.

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