HSBC plans three-year buffered market participation notes on the Dow

By Susanna Moon

Chicago, July 2 - HSBC USA Inc. plans to price 0% buffered market participation securities due June 30, 2016 linked to the Dow Jones industrial average, according to an FWP 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 and will lose 1% for every 1% decline beyond the buffer. The buffer will be 15% to 20%, with the exact percentage to be set at pricing.

HSBC Securities (USA) Inc. is the underwriter.

The notes will price on July 26 and settle on July 31.

The Cusip number is 40432XH79.

© 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.