HSBC plans buffered uncapped market participation notes on the Dow

By E. Janene Geiss

Philadelphia, Sept. 28 - HSBC USA Inc. plans to price 0% buffered uncapped market participation securities due Oct. 29, 2015 linked to the Dow Jones industrial average, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus the index return. Investors will receive par if the index falls by up to 20% and will be exposed to losses beyond 20%.

The notes (Cusip: 4042K1NX7) are expected to price Oct. 24 and settle Oct. 27.

HSBC Securities (USA) Inc. will act as agent.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.