Published on 5/28/2014 in the Prospect News Structured Products Daily.
New Issue: HSBC sells $118,000 four-year SelectInvest notes linked to Russell 2000
By Susanna Moon
Chicago, May 28 - HSBC USA Inc. priced $118,000 of 0% SelectInvest debt securities due June 4, 2018 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain, up to a maximum return of 38%.
Investors will receive par if the index falls by up to 20% and will lose 1% for every 1% decline beyond 20%.
HSBC Securities (USA) Inc. is the agent.
Issuer: | HSBC USA Inc.
|
Issue: | SelectInvest debt securities
|
Underlying index: | Russell 2000
|
Amount: | $118,000
|
Maturity: | June 4, 2018
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus any index gain, capped at 38%; par if index falls by up to 20%; 1% loss for every 1% drop beyond 20%
|
Pricing date: | May 23
|
Settlement date: | June 2
|
Agent: | HSBC Securities (USA) Inc.
|
Fees: | 2.65%
|
Cusip: | 40432XYY1
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.