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HSBC plans buffered uncapped market participation notes on the Dow
By E. Janene Geiss
Philadelphia, Sept. 28 - HSBC USA Inc. plans to price 0% buffered uncapped market participation securities due Oct. 29, 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 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: 4042K1NX7) are expected to price Oct. 24 and settle Oct. 27.
HSBC Securities (USA) Inc. will act as agent.
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