HSBC plans 2.5-year buffered AMPS with cap tied to iShares MSCI EM

By Susanna Moon

Chicago, Feb. 12 – HSBC USA Inc. plans to price 0% buffered Accelerated Market Participation Securities due Aug. 28, 2020 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any fund gain, up to a maximum return of 22.5%.

Investors will receive par if the fund falls by up to 10% and will lose 1% for every 1% decline beyond 10%.

HSBC Securities (USA) Inc. is the agent.

The notes will price on Feb. 23.

The Cusip number is 40435FSW8.

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