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HSBC plans buffered uncapped market participation notes on the Dow
By Marisa Wong
Madison, Wis., Nov. 1 - HSBC USA Inc. plans to price buffered uncapped market participation securities due Nov. 28, 2016 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 any index gain.
Investors will receive par if the index falls by up to the 20% to 25% buffer and will lose 1% for every 1% decline beyond buffer. The exact buffer will be set at pricing.
HSBC Securities (USA) Inc. is the agent.
The notes will price on Nov. 21 and settle on Nov. 27.
The Cusip number is 40432X2D2.
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