HSBC plans 14-month AMPS with 2x upside, 13%-15% cap linked to S&P 500

By Marisa Wong

Morgantown, W.Va., Feb. 16 – HSBC USA Inc. plans to price 0% Accelerated Market Participation Securities due April 27, 2018 linked to the S&P 500 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 double the index return, subject to a maximum return of 13% to 15% that will be set at pricing. Investors will be fully exposed to any index decline.

HSBC Securities (USA) Inc. is the agent.

The notes will price Feb. 17.

The Cusip number is 40433UN36.

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