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HSBC plans to price one-year SelectInvest notes tied to Euro Stoxx 50
By Toni Weeks
San Luis Obispo, Calif., Feb. 2 – HSBC USA Inc. plans to price 0% SelectInvest debt securities due Feb. 24, 2016 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 at least 10%. The exact cap will be set at pricing.
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: 40433BYY8) will price Feb. 19 and settle Feb. 24.
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