HSBC to price four-year buffered uncapped notes linked to Dow

By Angela McDaniels

Tacoma, Wash., Aug. 1 – HSBC USA Inc. plans to price 0% buffered uncapped market participation securities due Aug. 29, 2018 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. Investors will receive par if the index declines by no more than the buffer amount and will lose 1% for every 1% that the index declines beyond the buffer amount, which is expected to be 15% and will be set at pricing.

HSBC Securities (USA) Inc. is the underwriter.

The notes will price Aug. 26 and settle Aug. 29.

The Cusip number is 40433BKR8.

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