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HSBC plans buffered performance plus securities linked to DJIA
By Jennifer Chiou
New York, Aug. 31 - HSBC USA Inc. plans to price 0% buffered performance plus securities due March 30, 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 greater of the index return and the 25% to 28% minimum upside return. 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: 4042K1MZ3) will price on Sept. 27 and settle on Sept. 30.
HSBC Securities (USA) Inc. is the agent.
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