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HSBC plans buffered uncapped market participation notes on the Dow
By Susanna Moon
Chicago, Dec. 3 - HSBC USA Inc. plans to price buffered uncapped market participation securities due Dec. 23, 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 Dec. 20 and settle on Dec. 26.
The Cusip number is 40432X4E8.
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