HSBC plans uncapped market notes with 20%-25% buffer tied to the Dow

By Susanna Moon

Chicago, Feb. 2 - HSBC USA Inc. plans to price 0% buffered uncapped market participation securities due Feb. 26, 2015 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any index gain.

Investors will receive par if the index falls by up to 20% to 25% and will lose 1% for every 1% decline beyond the buffer, with the exact percentage to be set at pricing.

HSBC Securities (USA) Inc. is the agent.

The notes will price on Feb. 22 and settle on Feb. 27.

The Cusip number is 4042K1XG3.

© 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.