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HSBC plans buffered uncapped market participation notes on the Dow
By Jennifer Chiou
New York, Dec. 3 – HSBC USA Inc. plans to price 0% buffered uncapped market participation securities due Dec. 23, 2019 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 15% and will lose 1% for every 1% decline beyond 15%. The exact buffer percentage will be set at pricing.
The notes (Cusip: 40433BVM7) will price on Dec. 18 and settle on Dec. 23.
HSBC Securities (USA) Inc. is the agent.
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