Published on 4/21/2014 in the Prospect News Structured Products Daily.
New Issue: HSBC prices $147,000 SelectInvest notes due 2020 tied to iShares MSCI EM
By Jennifer Chiou
New York, April 21 - HSBC USA Inc. priced $147,000 of 0% SelectInvest debt securities due April 27, 2020 linked to the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund return is greater than zero, the payout at maturity will be par plus the fund return, subject to a maximum return of 75%. If the fund declines by 30% or less, the payout will be par. If the fund declines by more than 30%, investors will lose 1% for every 1% that the fund return is below negative 30%.
HSBC Securities (USA) Inc. is the agent.
| Issuer: | HSBC USA Inc.
|
| Issue: | SelectInvest debt securities
|
| Underlying fund: | iShares MSCI Emerging Markets ETF
|
| Amount: | $147,000
|
| Maturity: | April 27, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If fund return is greater than zero, par plus fund return, subject to maximum return of 75%; if fund declines by 30% or less, par; otherwise, 1% loss for every 1% that fund return is below negative 30%
|
| Initial fund level: | $42.01
|
| Pricing date: | April 17
|
| Settlement date: | April 25
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 3.5%
|
| Cusip: | 40432XWL1
|
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