HSBC plans performance notes linked to Dow Industrials with no cap

By Toni Weeks

San Diego, Aug. 25 - HSBC USA Inc. plans to price 0% performance securities due 2018 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 be exposed to losses, with a minimum payout of $900 per $1,000 principal amount.

The notes (Cusip: 4042K1MJ9) are expected to price Sept. 23 and settle Sept. 28.

HSBC Securities (USA) Inc. will be the agent.

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