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HSBC plans three-year market participation notes linked to the Dow
By Toni Weeks
San Diego, Sept. 29 - HSBC USA Inc. plans to price 0% buffered uncapped market participation securities due Oct. 29, 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 any gain in the index. Investors will receive par if the index falls by up to 20% and will be exposed to losses beyond 20%.
The notes (Cusip: 4042K1NY5) are expected to price Oct. 24 and settle Oct. 27.
HSBC Securities (USA) Inc. will act as agent.
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