HSBC plans 24-month buffered AMPS with cap linked to S&P 500

By Susanna Moon

Chicago, Dec. 3 - HSBC USA Inc. plans to price 0% buffered Accelerated Market Participation Securities due Dec. 28, 2015 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any gain in the index, up to a maximum return of 12.5% to 16.5%. The exact cap will be set at pricing.

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

HSBC Securities (USA) Inc. is the agent.

The notes will price on Dec. 20 and settle on Dec. 26.

The Cusip number is 40432XPD7.

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