HSBC to price buffered AMPS due 2022 linked to NYSE FANG+

By Sarah Lizee

Olympia, Wash., Nov. 22 – HSBC USA Inc. plans to price 0% buffered Accelerated Market Participation Securities due May 31, 2022 linked to the NYSE FANG+ 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 2 times the index return, subject to a maximum return that is expected to be at least 22.35% and will be set at pricing. Investors will receive par if the index 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 Nov. 25.

The Cusip number is 40435UE42.

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