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HSBC to price one-year SelectInvest notes linked to Euro Stoxx 50
By Toni Weeks
San Luis Obispo, Calif., June 5 – HSBC USA Inc. plans to price 0% SelectInvest debt securities due July 1, 2015 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain, up to a maximum return of 8.5%.
Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond 10%.
HSBC Securities (USA) Inc. is the agent.
The notes (Cusip: 40433BDB1) will price June 25 and settle June 30.
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