HSBC plans buffered AMPS linked to Energy Select Sector SPDR Fund

By Angela McDaniels

Tacoma, Wash., June 2 – HSBC USA Inc. plans to price 0% buffered Accelerated Market Participation Securities due June 30, 2017 linked to the Energy Select Sector SPDR Fund, according to a 424B2 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 18% 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 June 25 and settle June 30.

The Cusip number is 40433BZ50.

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