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HSBC plans buffered market notes linked to SPDR S&P Homebuilders fund
By Susanna Moon
Chicago, Oct. 24 - HSBC USA Inc. plans to price 0% buffered market participation securities due Aug. 27, 2015 linked to the SPDR S&P Homebuilders 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 shares fall by up to 10% and will lose 1% for every 1% decline beyond 10%.
HSBC Securities (USA) Inc. is the agent.
The notes will price and settle in October.
The Cusip number is 4042K17H0.
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