HSBC plans buffered AMPS with cap due 2022 tied to NYSE FANG+

By Sarah Lizee

Olympia, Wash., July 17 – HSBC USA Inc. plans to price 0% buffered Accelerated Market Participation Securities due Jan. 31, 2022 linked to the NYSE FANG+ index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 200% of any index gain, up to a maximum return of at least 22.95%.

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 July 26.

The Cusip number is 40435URZ9.

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