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HSBC plans buffered uncapped market participation notes on the Dow
By Toni Weeks
San Diego, Sept. 7 - HSBC USA Inc. plans to price 0% buffered uncapped market participation securities due Sept. 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 plus the index return. Investors will receive par if the index falls by up to 20% and will be exposed to losses beyond 20%.
The notes (Cusip: 4042K1ML4) are expected to price Sept. 23 and settle Sept. 28.
HSBC Securities (USA) Inc. will act as agent.
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