HSBC plans buffered performance plus notes linked to Dow Industrials

By Angela McDaniels

Tacoma, Wash., July 27 - HSBC USA Inc. plans to price 0% buffered performance plus securities due Feb. 26, 2015 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 or 23%, whichever is greater. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.

The notes (Cusip: 4042K1LN1) will price Aug. 23 and settle Aug. 26.

HSBC Securities (USA) Inc. is the agent.

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