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HSBC to price buffered uncapped notes linked to Dow Industrials
By Angela McDaniels
Tacoma, Wash., July 8 - HSBC USA Inc. plans to price 0% buffered uncapped market participation securities due Jan. 8, 2015 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 plus 120% of the index return if the index return is positive. Investors will receive par if the index declines by 20% or less and will lose 1% for every 1% that it declines beyond 20%.
The notes (Cusip: 4042K1LF8) will price July 11 and settle July 14.
HSBC Securities (USA) Inc. is the agent.
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