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HSBC plans leveraged buffered uncapped notes linked to the Dow
By Marisa Wong
Madison, Wis., Oct. 22 - HSBC USA Inc. plans to price 0% leveraged buffered uncapped market participation securities due Oct. 30, 2017 linked to the Dow Jones industrial average, according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par plus 110% to 115% of any index gain. The exact participation rate will be set at pricing.
Investors will receive par if the index falls by up to 15% and will lose 1% for every 1% decline beyond 15%.
HSBC Securities (USA) Inc. is the agent.
The notes will price on Oct. 24 and settle on Oct. 29.
The Cusip number is 40432XMN8.
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