HSBC plans 90% trigger performance plus notes with no cap on the Dow

By Susanna Moon

Chicago, Nov. 30 - HSBC USA Inc. plans to price 0% buffered performance plus securities due Dec. 24, 2015 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes above its initial level, the payout at maturity will be par plus the greater of any gain and 38% to 42%. The exact minimum upside return will be set at pricing.

Investors will receive par if the index 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 Dec. 21 and settle on Dec. 27.

The Cusip number is 4042K1TL7.

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