HSBC plans barrier AMPS linked to Market Vectors Gold Miners ETF

By Marisa Wong

Morgantown, W.Va., Feb. 1 – HSBC USA Inc. plans to price 0% barrier Accelerated Market Participation Securities due Feb. 7, 2019 linked to the Market Vectors Gold Miners exchange-traded fund, 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 1.5 times the fund return, subject to a maximum return that is expected to be at least 55% and will be set at pricing. If the fund declines by 30% or less, the payout will be par. If the fund falls by more than 30%, investors will receive a number of shares of the fund equal to $1,000 divided by the initial share price.

HSBC Securities (USA) Inc. is the agent.

The notes will price Feb. 2.

The Cusip number is 40435C369.

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