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HSBC plans buffered uncapped market participation notes on the Dow
By Marisa Wong
Madison, Wis., Sept. 5 – HSBC USA Inc. plans to price 0% buffered uncapped market participation securities due Sept. 30, 2019 linked to the Dow Jones industrial average, according to an FWP filing with the Securities and Exchange Commission.
If the index return is greater than zero, the payout at maturity will be par plus the index return. Investors will receive par if the index declines by no more than the buffer amount and will lose 1% for every 1% that the index declines beyond the buffer amount, which will be at least 17% and will be set at pricing.
HSBC Securities (USA) Inc. is the underwriter.
The notes will price on Sept. 25 and settle on Sept. 30.
The Cusip number is 40433BMQ8.
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