HSBC plans buffered uncapped market participation notes on the Dow

By Susanna Moon

Chicago, May 22 - HSBC USA Inc. plans to price 0% buffered uncapped market participation securities due March 24, 2017 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 buffer amount of 17% to 22% and will be exposed to losses beyond the buffer, which will be set at pricing.

HSBC Securities (USA) Inc. is the underwriter.

The notes will price on May 28 and settle on May 31.

The Cusip number is 40432XEM9.

© 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.