HSBC plans buffered uncapped market participation notes linked to Dow

By Angela McDaniels

Tacoma, Wash., Nov. 1 - HSBC USA Inc. plans to price 0% buffered uncapped market participation securities due Nov. 28, 2014 linked to the Dow Jones industrial average, according to an FWP filing with the Securities and Exchange Commission.

If the index return is greater than zero, the payout at maturity will be par plus the index return. Investors will receive par if the index falls by 20% or less and will lose 1% for every 1% that it declines beyond 20%.

The notes (Cusip: 4042K1RW5) are expected to price Nov. 22 and settle Nov. 28.

HSBC Securities (USA) Inc. is the agent.

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