HSBC plans buffered performance plus notes linked to Dow Industrials

By Susanna Moon

Chicago, July 5 - HSBC USA Inc. plans to price 0% buffered performance plus securities due Jan. 26, 2015 linked to the Dow Jones Industrial Average, according to an FWP filing with the Securities and Exchange Commission.

If the index gains, the payout at maturity will be par plus the greater of the gain and a minimum upside return of 21% to 23%. The exact upside floor will be set at pricing.

Investors will receive par if the index falls by up to 10% and will receive par plus the return and 10% if the index finishes below the 90% trigger.

The notes will price on July 21 and settle on July 26.

HSBC Securities (USA) Inc. is the agent.

The Cusip is 4042K1KJ1.

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