HSBC plans to price 2.5-year buffered AMPS linked to S&P 500 index

By Tali Rackner

Norfolk, Va., Feb. 17 – HSBC USA Inc. plans to price 0% buffered Accelerated Market Participation Securities due Aug. 30, 2019 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

If index increases, the payout at maturity will be par plus two times the return, subject to a maximum return of at least 19.5%. The exact cap will be set at pricing.

If the index falls by up to 10%, the payout at maturity will be par.

Investors will lose 1% for each 1% decline beyond 10%.

HSBC Securities (USA) Inc. is the agent.

The notes will price on Feb. 23 and settle on Feb. 28.

The Cusip number is 40433UP91.

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