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HSBC plans 15-month buffered market participation notes on gold fund
By Susanna Moon
Chicago, Aug. 23 – HSBC USA Inc. plans to price 0% buffered market participation securities due Dec. 18, 2019 linked to the Market Vectors Gold Miners ETF, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any fund gain up to a maximum return of 14%.
Investors will receive par if the fund falls by up to 10% and will lose 1% for each 1% decline beyond the buffer.
HSBC Securities (USA) Inc. is the agent.
The notes will price on Sept. 13.
The Cusip number is 40435FX69.
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