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HSBC to sell return optimization securities on Dow Industrials via UBS
By Marisa Wong
Milwaukee, June 9 - HSBC USA Inc. plans to price 0% return optimization securities due June 26, 2014 linked to the Dow Jones Industrial Average, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus double any index gain, subject to a maximum return of 84% to 94% that will be set at pricing. Investors will share in any losses.
The notes will price June 21 and settle June 24.
UBS Financial Services Inc. is the agent.
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