HSBC plans 15-month AMPS with 3x leverage, cap linked to S&P 500

By Susanna Moon

Chicago, Oct. 28 – HSBC USA Inc. plans to price 0% Accelerated Market Participation Securities due Feb. 16, 2018 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus triple any index gain, up to a maximum of at least 12.5%. The exact cap will be set at pricing.

Investors will be exposed to any losses.

HSBC Securities (USA) Inc. is the agent.

The notes will price on Nov. 10 and settle on Nov. 15.

The Cusip number is 40433UZP4.

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