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HSBC plans buffered market participation notes on Market Vectors Gold
By Sarah Lizee
Olympia, Wash., June 4 – HSBC USA Inc. plans to price 0% buffered market participation securities due Sept. 21, 2020 tied 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 at least 15%.
Investors will receive par if the fund falls by up to 10% and will lose 1% for each 1% decline beyond 10%.
HSBC Securities (USA) Inc. is the agent.
The notes will price on June 17.
The Cusip number is 40435UNV2.
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