Published on 3/27/2014 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $5,000 five-year SelectInvest notes linked to iShares MSCI EM
By Susanna Moon
Chicago, March 27 - HSBC USA Inc. priced $5,000 of 0% SelectInvest debt securities due March 27, 2019 linked to the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any fund gain, up to a maximum return of 45%.
Investors will receive par if the fund falls by up to 25% and will lose 1% for every 1% decline beyond 25%.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | SelectInvest debt securities
|
| Underlying fund: | iShares MSCI Emerging Markets ETF
|
| Amount: | $5,000
|
| Maturity: | March 27, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any fund gain, capped at 45%; par if fund falls by up to 25%; 1% loss for every 1% decline beyond 25%
|
| Initial level: | $39.36
|
| Pricing date: | March 24
|
| Settlement date: | March 27
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 3.5%
|
| Cusip: | 40432XV73
|
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